BOJ’s Harada: BOJ will need to tighten policy at some point, but not sure when

The Bank of Japan (BOJ) board member Harada is out on the wires now, via Reuters, making a scheduled speech at the Capital Markets Research Institute in Tokyo.

Key Headlines:

No grounds to argue BOJ won't be able to engineer ‘smooth exit’ from stimulus programme

Weak JPY to stimulate economy, push up prices & eventually work to push up rates

BOJ hasn't decided to fix long term rates for a long period, unlike what US Fed did in 1942-51

No risk of hyperinflation in quest for 2% inflation target

BOJ will need to tighten policy at some point, but not sure when BOJ will withdraw stimulus