Reuters: US Dollar Report: Japan finmin wary about BOJ foreign bond buying

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Japan finmin wary about BOJ foreign bond buying Oct 2nd 2012, 04:55 TOKYO | Tue Oct 2, 2012 12:55am EDT TOKYO Oct 2 (Reuters) - Newly appointed Japanese Finance Minister Koriki Jojima sounded a cautious note on the idea of the Bank of Japan's buying foreign bonds as a method of future monetary easing. "From the standpoint of the current BOJ Law, careful consideration would be needed," he told a news conference after a cabinet meeting on Tuesday. Jojima's remark comes a day after newly appointed Economics Minister Seiji Maehara said that such purchases represent one option for easing, and that the yen's strength had gone too far. The BOJ, which eased monetary policy last month, will hold its next policy-setting meeting this week.

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