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