“They could do it at any time and it won’t be a surprise, given the current economic recovery”

“The BOJ has appeared cautious, but they have steadily taken policy actions at a faster pace than expected”

“Changing the negative rate would lead to slight changes in the shape of the yield curve,”

“But the overall curve has already risen so it’s okay for the furthest part of short-term rates to increase.”

“There is too much extraordinary monetary easing now,”

“The problem with that is it does unnecessary things like continuing to expand the BOJ’s balance sheet.”