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Japan’s MoF should allow BoJ to buy foreign debt – opinion
August 07, 2012
The Ministry of Finance has voiced objections to Bank of Japan buying overseas government bonds. But at a time when the yen’s value soars, buying foreign debt provides a real devaluation solution.
Japan’s Ministry of Finance (MoF) is set to stamp out the central bank’s plan to buy greater amounts of foreign debt as a direct measure to weaken the yen, saying that Bank of Japan (BoJ) shouldn’t interfere with foreign exchange...
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