Ex-BOJ executive says once Bank abandons negative rate further moves will come very slowly ...Middle East

Former Bank of Japan executive Hideo Hayakawa spoke today, saying that Governor Ueda will not rush to normailise ultra-loos monetary policy. Hayakawa expects Ueda will change the BOJ's current framework into an orthodox one combining a short-term interest rate target with guidance on the future monetary policy path"Given Mr. Ueda's very cautious character and his focus on building consensus within the board, he will likely take plenty of time and proceed carefully in normalising policy,"Info via Reuters. --The main planks of current BoJ policy are its: guiding short-term rates at -0.1%capping the 10-year JGB yield around zero (now up to 1%)buying more risk focused assets such as ETFsAs for n

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