JGB futures hit record high on BOJ easing expectations

TOKYO, March 4 Sun Mar 3, 2013 10:38pm EST

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TOKYO, March 4 (Reuters) - The price of benchmark Japanese government bond futures hit an all-time high of 145.29 on Monday on expectations that the Bank of Japan will step up buying of long-dated bonds to enhance easing under a new governor.

Bank of Japan governor-nominee Haruhiko Kuroda said in his confirmation hearing in parliament on Monday that the current size and type of assets the bank buys are not enough, suggesting a Kuroda-led BOJ would be likely to buy more long-term government debt.

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