- No plan to take policy steps recklessly and pour out government debt
- Fiscal prudence is most important challenge
- Wants BOJ to act appropriately to beat deflation, but operations up to BOJ
- Japan forex stance in line with G7 statement, no change under new finance minister
Nothing like a bit of fiscal prudence. Comments helping yen a little. USD/JPY down at 90.90 from early 91.15.
Buy orders layered 91.00 down to 90.70, with stops seen through 90.70.
