• to bring it below 30% as soon as possible

Reuters reporting the vice econ min comments a few moments ago

  • says economy in line with expectations
  • govt and BOJ ready to respond appropriately to risks
  • hopes exports will pick up but overseas risks continue to centre on emerging markets
  • gains in base wages and bonuses to offset sales tax hike impact and support consumption/broader economy ahead
  • says the gap between US and Japan in trade talks is narrowing, aiming to reach broader TPP agreement early

USDJPY still 101.32 off its 101.25 lows.