Inappropriate for BOJ to buy foreign bonds

JAPAN - It is inappropriate for the Bank of Japan to buy foreign bonds as a way to ease monetary conditions as it would be viewed as foreign exchange intervention, said a former BOJ executive director Thursday.

"Buying foreign currency denominated assets is effectively the same as intervening directly in foreign exchange as it would weaken the yen, so this is undesirable," Takashi Anzai said at a financial symposium.

With limited monetary easing options on offer, pressure has been rising on the

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