Japan's former top currency diplomat at its Ministry of Finance Rintaro Tamaki. Spoke with Reuters:
- "I'm not saying Governor Ueda should immediately move at his first policy review next week,"
- "I hope he would demonstrate a stance towards changing the status quo. If he sits tight throughout a year, he would lose the momentum,"
- "We should be aware of the risk of the BOJ shelving a step towards monetary normalisation," Tamaki added. As a result, Japan would be left with distortions in bond, stock and real estate markets.
- "To change YCC, you need some element of a little surprise"
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Rintaro Tamaki was the Vice-Minister of Finance for International Affairs at the Ministry of Finance circa 2009 to 2011
- this role involves managing Japan's foreign exchange policy and intervening in the currency markets when necessary (amongst other responsibilities)
