Central Banks
BOJ Tweaks Could Be First Step Toward Exit, Takatoshi Ito Says
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The Bank of Japan’s policy adjustments could be the first step toward an exit from its decade-long aggressive monetary easing, according to Takatoshi Ito, a contender to succeed Governor Haruhiko Kuroda.
The shock move on Tuesday to widen the bond yield band is a “positive development” that would improve the functionality of the Japanese government bond market, said Ito, a professor at Columbia University Business School and a close ally of Kuroda.