Nakaso backs BoJ to exit QQE smoothly

The Bank of Japan

The Bank of Japan (BoJ) has "an extensive range of operational instruments" at its disposal to engineer an exit from its quantitative and qualitative easing (QQE) programme, according to one of its deputy governors, Hiroshi Nakaso.

Nakaso was responsible for market operations at the central bank when it ended its last asset purchase programme, in March 2006, and believes that experience will serve the BoJ well.

"The Bank of Japan is the only central bank that has hands-on experience in exiting f

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