Reuters: US Dollar Report: Japan MoF's Nakao hopes ECB will do what Draghi promised

Reuters: US Dollar Report Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Japan MoF's Nakao hopes ECB will do what Draghi promised Aug 29th 2012, 09:25 LONDON | Wed Aug 29, 2012 5:25am EDT LONDON Aug 29 (Reuters) - Japan hopes the European Central Bank will make good on a pledge to buy European sovereign bonds made by the bank's president, the country's top currency official said on Wednesday. Takehiko Nakao, Japan's vice finance minister for international affairs, said he spoke with senior European monetary policymakers in recent days. "I am so interested to see what the ECB will do to purchase the bonds of euro zone countries," he said in a speech at an event in London hosted by the OMFIF think tank. ECB head Draghi promised last month to do "whatever it takes" to protect the euro and said earlier in August the central bank would act to shore up the region's debt markets. Markets widely expect the bank to flesh out its strategy for buying Spanish and Italian government bonds at its policy meeting next Thursday. Nakao earlier said Japan would take "very decisive action" in the foreign currency market if necessary.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions