Japan not planning to buy foreign bonds: Aso

Japan has no plans to buy foreign currency denominated bonds as part of a monetary easing plan, the finance minister said on Tuesday, a sign the government could be stepping back from more controversial proposals to end nearly 20 years of deflation.

Japanese Prime Minister Shinzo Abe, his advisers and some members of the Bank of Japan’s policy board have floated the idea since last year, but if implemented the move is seen as likely to attract protest from other countries that Japan is devaluing the yen to boost its economy at their expense.

via Business feed http://www.scmp.com/business/economy/article/1153762/japan-not-planning-buy-foreign-bonds-aso