BOJ must do something to stop free fall of JPY and back USD/JPY towards 104/5.
BOJ dep. gov. Nakaso: Too early for specific exit plans
Bank of Japan deputy governor Nakaso is in the Japanese parliament today • Challenges of exiting BOJ's easy policy is how to adjust interest rates, what to do with its balance sheet • 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