BoJ’s Nakaso: ‘No serious problems’ with JGB liquidity
New data shows drop in market depth, but QE is not threatened
The Bank of Japan's (BoJ) bond-buying programme has hurt the market's depth and resilience, but is unlikely to derail ongoing large-scale purchases, according to BoJ deputy governor, Hiroshi Nakaso. Further deterioration in the market could prompt the central bank to bolster liquidity through changes to market practice and market infrastructure, he said.
The conclusions are based on data published on August 18 by the BoJ – the first in a new series of quarterly releases. Overall, the data shows
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