Abe Adviser Nakahara: BOJ policy confusing, lacks transparency - TNS

Nakahara, Adviser to the Japanese PM Abe’s, was on the wires last minutes, via TickerPlant India (TNS), expressing his take on the BOJ’s monetary policy.

Key Quotes:

BOJ should increase monetary base target to Y100 trillion annually

BOJ should buy Y10 trillion annually in Euro, Dollar denominated bonds

BOJ should describe foreign bond buying as way to increase domestic moneatry base

BOJ should promise not to cut negative rates further

BOJ policy confusing, lacks transparency