http://www.bloomberg.com/news/2013-12-18/boj-said-to-see-significant-room-for-more-bond-purchases.html
Bank of Japan officials see
significant scope to boost government bond purchases if needed
to achieve their inflation target, according to people familiar
with the discussions, signaling little concern with perceptions
of underwriting fiscal deficits.
While no decision will be made until the central bank has
more time to assess price trends, the current pace of asset
purchases -- equivalent to 70 percent of new government-debt
issuance -- isn’t a limit for many officials, according to the
people, who asked not to be named as the talks are private. Some
officials highlight the size of the market offering plenty of
room to buy more, according to the people. The BOJ in September
reported that it held 15.4 percent of the 969 trillion yen ($9.4
trillion) of government bonds outstanding.
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