BOJ may switch from QE to project funding
It could start buying local govt and other bonds that fund infrastructure projects after its Sept meeting: analysts
Tokyo
FORGET helicopter money. The Bank of Japan (BOJ) might next target financing a bit closer to the ground - trains, hospitals, power plants and sewers.
That's the view of some analysts who say the central bank may start buying bonds of local governments and public corporations that fund such projects after its Sept 20-21 meeting. That would stop short of direct financing of fiscal spending.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
White House defends voting ‘No’ on UN resolution supporting Palestinian statehood
US health officials to spend US$100 million on bird flu surveillance
Jim Simons, math genius who conquered Wall Street, dies at 86
Aiming for rosier ties, Xi wraps up Europe visit
Oil falls on prospect of higher-for-longer US rates, stronger dollar
Fed officials mull if rates are high enough as inflation expectations jump