BOJ Morimoto: raising asset buying an option-Kyodo

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TOKYO, Nov 19 (BestGrowthStock) – Bank of Japan board member
Yoshihisa Morimoto said on Friday expanding the central bank’s
asset-buying scheme would be one strong option should the economy
worsen, Kyodo news agency reported.

The BOJ’s asset purchases are different from the Federal
Reserve’s purchases of U.S. Treasuries because the BOJ is buying
riskier assets, including exchange-traded funds, Morimoto was
quoted as saying in an interview with Kyodo.

Morimoto also said he is always on guard against rapid moves
in the yen and wants to closely monitor recent gains in Japanese
bond yields, Kyodo said.

Morimoto, a former executive at Tokyo Electric Power Co
(9501.T: ), joined the board in July and little is known about his
views on monetary policy. He has been voting with the majority of
the board.
(Reporting by Stanley White; Editing by Michael Watson)

BOJ Morimoto: raising asset buying an option-Kyodo