BOJ’s Nakaso: Inappropriate to mention specific plans now on exiting ultra-loose policy

Bank of Japan (BOJ) deputy Governor Nakaso is out on the wires now, via Reuters, commenting on the Bank’s monetary policy program in parliament.

Key Headlines:

Challenges of exiting BOJ's easy policy is how to adjust interest rates, what to do with its balance sheet

Too early for specific exit plans

Inappropriate to mention specific plans now on how BOJ will exit its ultra-loose policy

BOJ has sufficient experience, means to engineer exit from ultra-loose policy when time to do so comes