Former board member Kiuchi says the BOJ already retreating from radical monetary stimulus

EX-BOJ board member Kiuchi interviewed by Reuters 4 Sept

• likely to continue doing so
• bond buying at current pace likely to reach limit around mid-2018
• targeting 3-5 year JGB yields instead of current 10-year yield could be an option if BOJ were to normalize policy
• BOJ may abandon YCC, ramp up bond buying to finance fiscal spending of economy suffers severe downturn

Helping USDJPY on its way to a rapid retreat from 109.75 to test 109.50

Former board member Kiuchi says BOJ already retreating