The Bank of Japan scraps a 0.1% yield floor for government bond purchases, opening the door to...

|By:, SA News Editor

The Bank of Japan scraps a 0.1% yield floor for government bond purchases, opening the door to the possibility of buying debt with negative returns. Beyond any practical impact, "this is probably a message from the BOJ that it’s ready to cope with any market turmoil stemming from the European crisis," says UBS strategist Atsushi Ito.