MNI BRIEF: BOJ Could Sell JGBs If Needed - Ueda

Bank of Japan Governor Kazuo Ueda said on Monday the Bank could sell Japanese government bonds if necessary, but did not elaborate further. 

When asked about the risk of rapid inflation, Ueda told lawmakers that the BOJ continues to pay attention to price moves and various risks, and the bank will manage monetary policy appropriately to avoid falling behind the curve.

He said that the BOJ believed there was no overheated activity in financial and asset markets.

The Bank, like other central banks in advanced economies, will traditionally try to avoid bond sales, which could trigger surges in long-term interest rates.