Bloomberg with a report of Bank of Japan Governor Kuroda in an interview with Japanese newspaper Yomiuri.
- There is no immediate need for additional monetary easing
- But, the BOJ will adjust policy if the need arises
- Japan's inflation trend is improving steadily
- Inflation will pick up quickly in the latter half of this fiscal year
A weekend article in the Yomiuri
Nothing of much surprise from Kuroda in these comments. They may serve to strengthen the yen on the Monday open, but, like I said .... not much of a surprise so there should be only a small impact, if any.
We'll soon find out - stay tuned for the 'early indications' post in a few hours (one more sleep to go!).
Kuroda explaining bids and offers