Update on the BOJ meeting next week – unlimited JGB purchases ahead?
Adam had the Bank of Japan speculation overnight and the spike following in USD/JPY:
QE-finity: BOJ to remove bond-buying limit
– In a nutshell the news is the Nikkei reported the BoJ will discuss allowing unlimited government bond purchases, while keeping the 10-year target at 0%.
(ps. The current JGB buying target is 80tln a year)
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