BoJ’s Yamaguchi fears asset purchase backlash
A deputy governor of the Bank of Japan (BoJ), Hirohide Yamaguchi, today (September 24) warned the central bank's "massive purchase" of Japanese government bonds (JGBs) could be misinterpreted and lead to financial instability.
Speaking at the Asian Affairs Research Council, he said if the BoJ is seen to be pursuing fiscal monetisation, confidence in the central bank will erode and long-term interest rates could rise "substantially".
Currently, the central bank holds ¥84 trillion ($1.07 trillion)
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