BoJ’s Kiuchi wants to reduce flow of QQE
Board member says reduced flow of asset purchases would help relieve ‘excessive pressure’
The Bank of Japan's (BoJ) most frequently dissenting board member, Takahide Kiuchi, set out his reasons for wanting to restrict the pace of government bond purchases in a speech on December 3.
In remarks to the Capital Markets Research Institute, Kiuchi said he wanted to reduce the flow of asset purchases, not the stock, because he was concerned by a range of spillovers.
Cutting annual purchases to 45 trillion yen ($366 billion), from the current pace of around 80 trillion, would "considerably"
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