Adam had this during the Nth. American session – it gave a nice boost to the USD/JPY (oh, and other Yen crosses …) – from Reuters: BOJ may scrap 0.1 pct rate floor,pledge open-ended asset buying –sources
The Bank of Japan will next week mull scrapping its 0.1 percent floor on short-term interest rates and pledging to buy assets open-endedly until 2 percent inflation is foreseen, sources familiar with the central bank’s thinking said.
BOJ chief, 2 ministers to meet over statement on fighting deflation
Bank of Japan Governor Masaaki Shirakawa, Finance Minister Taro Aso and economic and fiscal policy minister Akira Amari will meet Friday morning to discuss how to conclude an agreement between the government and the central bank aimed at ending deflation, sources close to the matter said Thursday.
Your Party: Don’t tap BOJ ranks for chief
“If someone is chosen from within the BOJ, there will be no change in thinking,” Watanabe (head of Your Party), 60, said Wednesday. “It’s in the BOJ’s DNA to combat inflation but not deflation, so to change that we need to pick someone from outside.”
Abe will need votes from smaller opposition groups to win backing in the Upper House for his central bank nominees.
