LOCKED Japan Roadmap Part I: Monetary Policy

Ueda seeks normalization of rates and an end to QE
NIRP may be gone by January, YCC by April
What will it take to allow normalization? Higher Wages
Ueda has an excessively weak Yen. Will BoJ let rates rise while MoF intervenes?
As if all that weren’t enough, Regional Banks and Megabanks face potential crises

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