- We could consider ending yield curve control and modify negative interest rate policy
- But only when we judge that achievement of 2% inflation is in sight
- We are not in a situation now to decide on the order of change in policy tools
And based on his earlier remarks here, he deems that they are not at the point to consider the above options yet. This sort of misdirection after all the talk of a “quiet exit” is not going to do the yen much good. He really needs to be much clearer in his communication moving forward.