Hajime Takata, board member of the monetary policy bank of Japan, in an interview with the Japanese newspaper Nikkei on Saturday. Japan’s economy is not yet at a stage where the central bank can end yield curve control (YCC) too early to start discussions on specific methods to end yield curve control Careful messaging would be necessary when the time is right for a long time. term ultra easy policy. – Takata basically says the same thing as Bank of Japan Governor Kuroda. Kuroda has repeated over and over that the current policy is appropriate. This is just from last week: once inflation targeting becomes visible, the BOJ is likely to discuss exiting easy monetary policy now, even though the benefits of easing current monetary policy outweigh the costs. You should know that there are grumblings in Japan about the simple political disruption. From higher officials. Example: BOJ’s Tamura says policy should be revised, says 2% CPI target may be too high for Japan. Possible BOJ Kuroda replacement says bank should review policy – When exit from YCC or rest of Japan Current ultra-loose monetary policy is not imminent, it’s something to watch in the new year, probably some time after the first quarter . Governor Haruhiko Kuroda’s goals in April 2023. New blood can bring new ideas. The JPY faces headwinds from current policy, especially as most other German central banks raise interest rates. A move to YCC or some other easy policy stance would support the yen at the margin.