New BOJ board members out with a few comments 25 July
- expects price growth to get better
- Japan's economy is improving
- declines to comment on sustainability of easing now
- good medicine can have side effects
- debating exit now from QQE would be dangerous to markets, given distance still from price target
- wants to achieve 2% target by any means
Get a move on then.
Katoaka:
- Japan's recovery is party due to BOJ easing
Partly?
- BOJ policy is not only looking at rates or quantity
- meaningless to measure discussion by just counting votes
- if target price is lowered that could cause deflationary pressures
- wants 2% price target reached asap but can not tell when
Blimey if this as upbeat as the new guys get I won't be rushing to type it up.
Comments out a short while ago but I've only got one pair of hands. Sorry.
Meanwhile USDJPY looking at Asian session highs around 111.30 as a little USD demand prevails.
EURUSD back down to 1.1653 after the post-IFO euphoria.
