Bank of Japan executive director Amamiya speaking in parliament 12 May
- still a long way to go to achieve 2% target
Echoing recent comments from Kuroda
- should carefully study effects and side-effects of easing
- too early to consider exit strategy
- possible to keep market stable while normalizing policy
- exit from stimulus has 2 challenges, normalise BOJ massive balance sheet and to push up rates
USDJPY suitably unfazed at 113.74 as it continues to trade 113.50-114.00
I prefer to play from the rally-sell side still.
