• BOJ should not hesitate to ease if risks to economy, prices, materialize
  • should consider easing if market confidence over BOJ policy is sharply eroded
  • can not say now what BOJ would specifically do if it were to ease again
  • there are various ideas in case BOJ needs to ease more, inc buying JGBs and other assets

Out on reuters toeing the party line on various tools if needed, blah, blah, although Shirai one of the dissenters as Eamonn posted earlier

USDJPY 101.47, more concerned with weaker Nikkei