The BOJ is no longer a quiet central bank
The Bank of Japan contemplated hiking interest rates twice this year in a plan hatched by bank deputy governor Masayoshi Amamiya.
Reuters writes about how the central bank considered some incredible steps as it wrestles with a QE program that's grown way beyond what was intended and what is sustainable.
The moves culminated in last week's tweaks but the story highlights that forward guidance may hint at hikes again before too long. That's weighing no USD/JPY today.
The big takeaway here is that there is far more going on, and far more on the table at the BOJ than almost anyone believed.
