Skip to main content

Advertisement

Advertisement

Business

Japan Finance Minister Suzuki says it's wrong to assume BOJ will buy bonds indefinitely

Japan Finance Minister Suzuki says it's wrong to assume BOJ will buy bonds indefinitely

FILE PHOTO: Japan's new Finance Minister Shunichi Suzuki wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, speaks at a news conference in Tokyo, Japan, October 5, 2021. REUTERS/Kim Kyung-Hoon

TOKYO: Japanese Finance Minister Shunichi Suzuki said on Friday (May 13) it was inappropriate to guide fiscal policy on the assumption the central bank will keep buying government bonds indefinitely.

"The Bank of Japan is buying government bonds as part of its monetary policy efforts to achieve its inflation target," Suzuki told a news conference.

Japanese policymakers have scrambled to reassure markets the government was not forcing the BOJ to bankroll public debt after former premier Shinzo Abe on Monday described the central bank as a government "subsidiary" that can fund its spending indefinitely.

Source: Reuters/gs

Advertisement

Also worth reading

Advertisement