Japan PM advisor- Foreign QE viable if not taken as FX intervention

Japan PM advisor Nobuyuki Nakahara suggests that Bank of Japan (BOJ) could buy foreign bonds to counter Yen strength and added such a move would be fine as long as it is used as monetary policy and is not perceived as currency intervention.

Japan is already the second highest buyer of US treasury yields. Investors thus seek clarity how the foreign QE would be different from the treasury purchases.