Takahide Kiuchi spoke with Reuters on Monday
- "A de-facto normalization of monetary policy is already taking place and will continue under a reappointed Kuroda," said Kiuchi, who served at the BOJ's nine-member board until July."The reappointment was a signal from the government that it wants continuity in monetary policy,"
But, it won't be quick says Kiuchi:
- "Policy normalization doesn't mean the BOJ will abandon its ultra-easy policy. It's just about gradually moderating the degree of monetary support,"
The 'BOJ tapering' meme was one of the most important factors pushing the gain for the yen we saw to open the new year.
