Taro Aso: Japan Have No Intention Buying Foreign Bonds

Japanese Finance Minister, Taro Aso, said the Japanese government had no intention of buying foreign bonds by the Bank of Japan (BoJ). The comments contrast to the words of the Prime Minister of Japan, Shinzo Abe, boosting the yen. "We do not intend to buy foreign bonds," Aso said on Tuesday (19/2).

Aso statement came after he attended a meeting of the G-20 in Moscow, Russia, last week. Previous G-20 has positioned itself withstand the efforts BoJ bought foreign bonds. BoJ policy was interpreted as a direct attempt to weaken the yen.

BoJ Governor Masaaki Shirakawa, said the purchase of foreign bonds to be one currency intervention. According to the BoJ governor who steps down on March 19, 2013, the purchase of bonds is the responsibility of the finance minister. BoJ agreed inflation target of 2%, and into the open market with the purchase of assets from 2014