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Amamiya counters view that BOJ is tapering its asset buying

Published 03/29/2018, 11:17 PM
Updated 03/29/2018, 11:20 PM
© Reuters. BOJ new Deputy Governors Amamiya and Wakatabe attend their inaugural news conference at the BOJ headquarters in Tokyo

© Reuters. BOJ new Deputy Governors Amamiya and Wakatabe attend their inaugural news conference at the BOJ headquarters in Tokyo

TOKYO (Reuters) - Bank of Japan Deputy Governor Masayoshi Amamiya on Friday rebuffed market views that the central bank was tapering its bond purchases and seeking to exit its ultra-easy policy.

"The BOJ's bond-buying pace fluctuates from time to time depending on market moves," Amamiya told parliament.

© Reuters. BOJ new Deputy Governors Amamiya and Wakatabe attend their inaugural news conference at the BOJ headquarters in Tokyo

"That is completely different from the U.S. Federal Reserve's tapering, which is an intentional, steady slowdown (of asset purchases) aimed at normalizing monetary policy," he said.

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