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Bank of Japan weighs unlimited government bond buying
The Bank of Japan next week will discuss shifting to unlimited purchases of Japanese government bonds, putting its annual target of roughly 80 trillion yen ($742 billion) on hold in response to the coronavirus-induced economic slump, Nikkei has learned. The BOJ will also weigh doubling yearly purchases of corporate bonds and commercial paper during the policy meeting next Monday, sources say, in an effort to help cash-strapped businesses finance their operations. The bank is expected to maintain its negative 0.1% policy rate and its policy of guiding the 10-year government bond yield to around zero percent. Because ... (full story)