BOJ's Suda: Start planning exit policy

The Bank of Japan's Miyako Suda said this month that the BOJ should start planning an exit from its ultra-loose policy, according to a report of her speech.

"Under zero rates, the effect of monetary policy is mainly transmitted through expectations. Therefore, we should start thinking of what kind of exit policy to take when our commitment (to beat deflation) is achieved... in order to prevent misunderstandings," she said in a speech on May 15.

Suda's comments, posted late on Thursday, follow