BoJ may ease rules on asset-backed securities

Proposed rule changes to the Bank of Japan's asset-backed securities purchase will be on the agenda for discussion when the BoJ Policy Board convenes on Jan 19-20.

The Bank of Japan began buying securities last July as part of its monetary relaxation policy, with purchases now totalling some 250 bn yen, only one-quarter the maximum authorized amount of 1 trln yen.

The current rules require that 50 pc of the securities purchased by the BoJ be backed by the assets of small and midsize firms. The

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