2013.03.1202:50:16UTC+00BOJ should target on JGB buying says deputy nominee Iwata

The Japanese government's deputy nominee for BOJ, Kikuo Iwata, stated on Tuesday that, he sees little need to increase buying of risk assets as the central bank can reach two percent inflation in two years just with long-term government bond purchases. 

On whether the BOJ should slash or disregard a 0.1 percent floor now set on money market rates, Iwata told the reporters that he personally felt the central bank did not need to maintain the floor. 

"Its dangerous to rule out any options now," he said in confirmation hearings at the parliament's upper house.