Japan’s Sato: BOJ will one day step back from its debt purchases

Citing the head of the department that oversees debt issuance at Japan's Ministry of Finance, Michio Sato, aka Mr. JGB’, Bloomberg reports, “investors should start preparing for a return to normal Japanese bond trading as the central bank will one day step back from its debt purchases.”

“Ministry of Finance has already started looking into a comprehensive review to ensure there’s sufficient depth and liquidity in the market,” Sato added.

Market reaction

USD/JPY remains unfazed by the above comments, trading at 133.80, down 0.04% on the day, at the press time.