Abe’s Adviser: BOJ needs fresh face as Kuroda is out of ideas - BBG

A former BOJ board member and currently an adviser to PM Abe, Nobuyuki Nakahara, was on the wires earlier today, via Bloomberg, noting that the BOJ’s Governor Kuroda shouldn’t be reappointed for another term, as the central bank will need fresh ideas as it moves toward exiting the ultra-loose monetary policy.

Key Quotes:

"An exit will surely come up within the next five years and we need someone who can prepare for it"

“He will fall into inertia and struggle to come up with bold new ideas. It’s the same in the private sector when a corporate president stays too long" 

“I think we need to make a new one, and we’ve got to think about how to incorporate the fiscal side” 

“They can’t keep holding ETFs forever”