'Dicey for Japan not to have a QE exit plan'

Tokyo

JAPAN could be heading at least part of the way down the same disastrous path it trod in the 1930s, when currency collapse and hyperinflation ravaged its economy, a senior currency expert has warned.

Former Bank of Japan (BOJ) chief foreign exchange dealer Tohru Sasaki, in a report published by investment bank JP Morgan, argued that the failure by the BOJ to adopt an exit strategy from its massive programme to buy government bonds could be "catastrophic" for the economy.

The unusually strong language from an acknowledged exper…