The Bank of Japan (BOJ) is taking its cues from Bernanke and Draghi when it comes to the art of jawboning.
BOJ official Sato:
- BOJ won't hesitate in easing further if risks heighten enough, economy undershoots forecasts even after Sept. easing.
- BOJ says that Government's should work together on overvalued Yen ... says that buying foreign Bonds is one option
- BOJ buying foreign bonds is a viable option, but must take into account legal limits in doing so
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