Bank of Japan governor Kuroda speaking (still!) in Tokyo 7 Dec 2017
- Referring to both financial and price stability mandates
- Exit from QQE will be an important topic for BOJ's future communication on policy
- BOJ has the necessary tools to engineer a smooth exit from QQE
- BOJ debating what steps to take in what order to end easing policy
- Talking any specifics of QQE exit would end up being confusing now
- Will communicate closely with markets on monetary policy to stabilise expectations
As I mentioned in my earlier post here, today's speech by Kuroda seems to be more along the lines of managing the expectations of the market ahead of their 21 December meeting.
