BoJ should not boost JGB buying to fund fiscal spending

TOKYO: Bank of Japan Governor Masaaki Shirakawa said on Wednesday the central bank is buying government bonds from the market to achieve price stability and sustainable economic growth, not to finance government spending.

"Giving markets the impression that the BoJ is buying bonds to finance fiscal spending would have a negative impact on the bond market," which has remained stable for now, Shirakawa said in an upper house budget committee meeting.