BOJ’S UEDA: WHEN ACHIEVEMENT OF 2% INFLATION IN SIGHT, WE WILL SEEK EXIT FROM EASY POLICY

Bank of Japan (BoJ) Governor Kazuo Ueda said in his parliamentary speech on Tuesday, “when achievement of 2% inflation stably and sustainably in sight, we will seek an exit from negative rates, YCC and other large scale monetary easing steps.”

Additional quotes

In what order we phase out various monetary easing tools will depend on economic, price, financial conditions at the time.

 It is possible to control short-term rates at appropriate level by paying interest on reserves parked with BoJ.