BoJ considers purchase of asset-backed securities

Japan's central bank said on Tuesday 8 april it may take unconventional steps, such as buying securities, to push the nation's economy toward recovery while keeping cash circulating in the financial system.

Source: Financial Times

The Bank of Japan said on Tuesday it would study the outright purchase of asset-backed securities in what it described as "an unprecedented measure for a central bank".

The BoJ is considering, as a temporary measure, buying commercial paper belonging mainly to small an