Here we go again.. time to head to the kitchen for more tea
A ” senior official” quoted on rtrs
- BOJ has a variety of tools and many ways to use them
- inappropriate to say QQE will be terminated automatically in 2 years irrespective of economic developments
- redemption of JGB portfolio, rise of interest rate on excess reserves could be considered as being among tools if BOJ were to exit
- actual combination and sequencing of these tools will surely depend on developments in economy and market at time of exit
USDJPY still 101. 98
