Amamiya counters view that BOJ is tapering its asset buying

TOKYO: Bank of Japan Deputy Governor Masayoshi Amamiya on Friday rebuffed market views that the central bank was tapering its bond purchases and seeking to exit its ultra-easy policy.

"The BOJ's bond-buying pace fluctuates from time to time depending on market moves," Amamiya told parliament.

"That is completely different from the US Federal Reserve's tapering, which is an intentional, steady slowdown (of asset purchases) aimed at normalising monetary policy," he said.