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BOJ's bond buying draws scrutiny after ex-PM calls central bank a govt 'subsidiary'
Japanese policymakers were forced to reassure markets on Tuesday the government was not forcing the Bank of Japan to bank-roll public debt, after former premier Shinzo Abe described the central bank as a government "subsidiary" that can fund its spending indefinitely. When asked in parliament about the remark, Finance Minister Shunichi Suzuki said the government did not believe it was fine to have the BOJ buy and roll over government debt indefinitely. "We must avoid creating a situation where Japan could lose market trust over its finances," Suzuki said. Chief Cabinet Secretary Hirokazu Matsuno also told reporters ... (full story)