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