• Kyodo


The Bank of Japan should consider buying foreign bonds and selling yen on the foreign exchange market to pull the economy out of deflation, a BOJ policy panel member said Thursday.

In a speech to local businesspeople here, BOJ Policy Board member Toshio Miki also said it would be worthwhile for the central bank to study the possibility of purchasing corporate bonds, commercial paper and asset-backed securities to control liquidity in the money market to an extent that does not distort the market mechanism.

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