Kuroda’s presser
Nothing new so far
- expects US economy to pick up as downward pressure from fiscal stand-off decreases
- BOJ still has steps available to respond to upside, downside risks
- want to monitor market moves as markets coulds react to monetary policy changes
- Japan’s economy moving in line with forecasts so it’s too early to talk of specific steps if BOJ were to act again
- sees no change in trend of robust consumer spending
- expects Japanese lending to graually increase as QE helps economy improve
- outlook for overseas economies is brightening somewhat due to US/EU recoveries
- some nations, inc some in Europe may be in disflationery phase
- China’s economy likely to sustain stable growth. domestic demand very strong
- do not see big risk of sharp worsening in emerging economies
Nothing of note but USDJPY higher again at 100.83