A story on Bloomers is saying that BOJ officials see that they have plenty of room to increase bond buying if they so wish. The current rate of purchases is about 70% of new government debt issuance and they don’t see that as a limit. Bloomberg cite unnamed sources involved in talks.
The story also states that they are in no rush to increase buying and that they will wait to assess price trends, they are also unlikely to act until the effects of next years sales tax are known.
The Nikkei is well up today and this story will help to keep it afloat into the close.
