ANZ Michael Smith: Japan’s Role in “Tapering”

The effect of US-led tapering could be mitigated in the Asia Pacific by a continued access to liquidity from Japan, says Michael Smith, CEO of ANZ. He also says in an interview ahead of the Asian Financial Forum next month that easing has created excess liquidity and an adjustment in the value of the yen that has stimulated industry there “in a way that I have not seen in my business lifetime.”