The BOJ already buys huge amount of debt | 11 May 2022

USDJPY trading plan:

Japanese policymakers were forced to reassure markets the government was not forcing the Bank of Japan to bank-roll public debt, after former premier Shinzo Abe described the central bank as a government "subsidiary" that can fund its spending indefinitely. "We must avoid creating a situation where Japan could lose market trust over its finances," Suzuki said. The BOJ already buys huge amount of debt, but does that in the market rather than directly from the government. To avoid the impression, it is close to monetising debt, the central bank had refrained from buying bonds in the market on the day the finance ministry held its debt auctions.

Investment idea: buy 129.87 and take profit 130.45