BoJ’s Noguchi: Focus now is on the pace at which the policy rate will be adjusted

Bank of Japan (BoJ) board member Asahi Noguchi said on Thursday that the “focus now is on the pace at which the policy rate will be adjusted and at what level it will eventually stabilize.”

Additional quotes

Long-term neutral interest rate is highly likely to be lower than that of other countries.

At some point in future, it's desirable to start shrinking BoJ’s balance sheet.

Steps BoJ decided in march is a move toward this direction of future shrinking of BoJ's balance sheet.

I dissented to BoJ’s March decision since I thought it would be appropriate to maintain JGB buying under negative rate.

Rise in service prices not driven mainly by wage hikes yet.

Japan's economy in moderate recovery trend but growth stalling recently.