• Japan's Finance Minister Aso: Not planning to ask BoJ to finance government's debt, driven up by virus stimulus - Reuters reports

Market news

10 April 2020

Japan's Finance Minister Aso: Not planning to ask BoJ to finance government's debt, driven up by virus stimulus - Reuters reports

  • We are not at all thinking of debt financing by BoJ
  • Notes BoJ is buying government bonds (from the market) based on its own judgment; believes BoJ adopts such a step as part of its battle with deflation
  • Does not believe BoJ's governor Kuroda was considering financing debt in the same way as BoE

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