BOJ Can Help Bond Market Withstand GPIF Sales, Bank Lobby Says
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The Bank of Japan holds the key to stabilizing the government bond market once the country’s largest pension fund starts selling its holdings, according to the nation’s bank lobby.
“If the BOJ maintains its easing, the market will be able to absorb the impact of the GPIF’s bond sales in its portfolio rebalancing,” Nobuyuki Hirano, chairman of the Japanese Bankers Association, said at a news conference in Tokyo today.