Presser just hitting the wires

  • BOJ easing having intended effect
  • BOJ will continue easing until 2% inflation stable
  • no change in current stance so they can make adjustments as needed
  • too early to discuss easing exit
  • Japanese economy is recovering moderately
  • board members Shirai, Sato and Kiuchi opposed the wording on timing of reaching 2% target

USDJPY 102.34 once again unfazed by the repeated position