Bank of Japan board member Takako Masai said on Monday it was too early to conclude that the BOJ’s new fixed-rate debt-buying operation will always go smoothly, but that the policy tool was successful last week in slowing gains in yields.
SAITAMA, Japan Bank of Japan board member Takako Masai said on Monday it was too early to conclude that the BOJ’s new fixed-rate debt-buying operation will always go smoothly, but that the policy tool was successful last week in slowing gains in yields.
On Thursday, the BOJ launched its first fixed-rate debt-purchasing operation to bring down bond yields after overhauling its policy framework in September to target the sharp of the yield curve.
(Reporting by Stanley White- Editing by Chang-Ran Kim)
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