- There are many ways for BOJ to exit QQE
- Raising rates in excess reserves or redemption of JGB portfolio could be among exit tools
- Exit tools used will depend on economy, prices and markets
- BOJ will keep stance of doing whatever it can to reach 2%
- Premature to discuss when and how the BOJ should exit (bit pointless passing comment then isn’t it?)
The BOJ has released an article from officials Kazuo Momma and Shuji Kobayakawa