Bank of Japan chief nominee rules out foreign-bond buying

Tokyo’s pick to head the Bank of Japan on Monday ruled out purchases of foreign bonds to stoke the economy, as the country faced criticism it was engineering a yen devaluation.

Some politicians and economists have said the central bank should adopt such measures as a policy option, which would likely push the value of the yen down further as it would require selling huge amounts of the unit to purchase foreign-denominated debt.

via Business feed http://www.scmp.com/business/economy/article/1188290/bank-japan-chief-nominee-rules-out-foreign-bond-buying