Increasing interest is focusing on the Bank of Japan’s exit strategy, or its strategy for ending its ongoing ultra-easy monetary policy. On April 19 [2017], the Liberal Democratic Party Administrative Reform Promotion Headquarters ([formerly] chaired by House of Councilors member Kono Taro) advised the government to study the risks associated with the Bank of Japan’s exit strategy. World central banks in charge of monetary policy are steadily moving to normalize monetary policy. On June 14 [2017], the Board of Governors of the Federal Reserve System in the United States unveiled a new exit strategy. The Fed will gradually reduce reinvestment of bond principal payments on securities holdings acquired in the course of its conduct of monetary policy with a view to reducing its total assets. It will begin reductions within the year if all goes well. Following its Governing Council meeting of June 8 ... ... [Read more]