Here are a trio of overnight stories from the Nikkei. Ain’t gonna change your world, but just some things to note
– Speculation that the Bank of Japan may start purchasing foreign bonds to counter the strong yen has resurfaced following a comment by Prime Minister Shinzo Abe Monday evening … Foreign bond purchases “are not permitted under the Bank of Japan Act if their objective is foreign exchange intervention,” Abe said. This has spurred speculation that the central bank is considering this option as a means of monetary policy.
Yeah … probably not gonna happen …