Japan finmin: BOJ should continue CP, corp bond buys

Mon Jul 13, 2009 10:05pm EDT
 
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TOKYO, July 14 (Reuters) - Japanese Finance Minister Kaoru Yosano said the Bank of Japan should continue its purchases of commercial paper and corporate bonds beyond September, when the bank's corporate finance support steps are due to expire.

"Even though these steps may not be used, the BOJ might as well leave the door open for CP and corporate bond buying as crisis measures," Yosano told a news conference after a cabinet meeting on Tuesday.

The BOJ's policy board will begin a two-day policy review on Tuesday at which it is expected to discuss whether to extend its corporate financial support measures beyond September. (Reporting by Tetsushi Kajimoto)

 

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