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BOJ's Amamiya: Pace of bond buying can fluctuate, but its different from Fed taper

Comments from Bank of Japan (BOJ) policymaker Amamiya are crossing the wires via Reuters: 

  • The pace of BOJ's bond-buying can fluctuate depending on market conditions but that is different from Fed's tapering, which is completely different from the US Federal Reserve's tapering, which is an intentional, steady slowdown (of asset purchases) aimed at normalizing monetary policy,
  • Japan's real effective exchange rate is falling as inflation picks up, heightens public inflation expectations. 

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