Ex-BoJ Nakagawa interview: BOJ wary of risky asset

In a recent interview former Bank of Japan executive director Yukitsugu Nakagawa said that the BOJ wants to buy foreign bonds as part of its efforts to rid the country of deflation. But this move would be opposed by the finance ministry, Nakagawa said, who "jealously guard" control over the yen exchange rate policy.

First published by Dow Jones Newswires, 2 April.

Japan's central bank probably wants to buy foreign bonds to combat deflation but knows it would face stiff resistance from the

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