April 14, 2017 / 2:06 AM / 5 months ago

Bank of Japan exec - Monetary stimulus not aimed at monetising debt

A pedestrian walks past the Bank of Japan building in Tokyo, May 22, 2013. REUTERS/Yuya Shino/File Photo

TOKYO (Reuters) - A senior Bank of Japan official said on Friday that the central bank was buying government bonds to accelerate inflation towards 2 percent quickly, not to monetise debt.

Masayoshi Amamiya, the BOJ’s executive director overseeing monetary policy, told parliament that it was premature to discuss an exit from the current policy, but added that the BOJ should be able to guide policy appropriately, securing stable market conditions even as interest rates rise upon exit.

Reporting by Tetsushi Kajimoto; Editing by Chang-Ran Kim

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