BOJ'S Kuroda says they are not conducting monetary policy to underwrite government debt

BOJ governor speaking in parliament to the upper house financial affairs committee

• conducting mon pol to achieve price target not underwrite govt debt
• market moves do not show investors think BOJ is underwriting govt debt

Fin Min Aso:

• have not heard any concerns at G20 or other international meetings that BOJ is underwriting govt debt
• BOJ easing policy is based on its own judgement

Obviously someone in parliament has touched a nerve.

Meanwhile USDJPY near session lows at 112.31. Nikkei +0.42% at 16951.75