BoJ’s Kuroda: We are not in a stage of debating specifics on exit strategy

The Bank of Japan (BoJ) Governor Kuroda is on the wires now, via Reuters, making a scheduled speech in the Japanese Parliament.

Key Points:

BoJ can use tools, such as market operation and hike in rates applied to excess reserves when it exits easy policy.

We are not in a stage of debating specifics on exit strategy.

BoJ profits pushed up by QQE, profits may drop at exit.

The average maturity of JGBs BoJ owns is 7.5 years.

BoJ will watch Fed and others to study exit.

At exit BoJ can replace low yield JGBs with higher yield.

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