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BOJ’s Ishida: BOJ effectively buying JGBs in open-ended manner
Proposed scrapping 0.1% floor on rates in the past on view it may help correct excessive yen strength; not aiming to directly manipulate forex rates with mon pol; must examine costs and benefits in deciding whether to target longer dated JGBs in easing mon pol; Nothing new but worth a few pips encouragement to USDJPY – any rhetoric seems aimed to assist; remember that talking isn’t manipulating.
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