Ella 
On Thursday, former Bank of Japan (BoJ) Monetary Policy Committee member Makoto Sakurai said in an interview that the Bank of Japan may end its negative interest rate policy before the end of this year in order to adjust the current excessively loose monetary policy.
Given the current recovery in the Japanese economy, it will not come as a surprise that the Bank of Japan could remove negative interest rates at any time.
The Bank of Japan seems cautious, but it will take policy action faster than expected.
Adjustments to negative interest rate policy lead to subtle changes in the shape of the yield curve
But the entire curve has risen, so a rise at the long end of short-term rates doesn’t hurt either.
The current unconventional monetary easing is too broad.
The problem is that the Bank of Japan is taking unnecessary steps, such as continuing to expand the Bank of Japan’s balance sheet.
USD/JPY was flat following the comments from the former Bank of Japan policymaker. At the time of writing, the USD/JPY was down 0.04% on the day at 149.86.
