An article from Reuters re Bank of Japan (BOJ)’s Deputy Governor Kikuo Iwata speaking earlier on today (with a press conference still to come at 0500GMT): BOJ’s Iwata upbeat on economy, unfazed by post-tax hike slump
- “Our quantitative and qualitative easing (QQE) has been exerting the intended effects on the economy. As the positive cycle of output, income and expenditure is sustained, the effect of our monetary easing will strengthen,” he said in a speech to business leaders in Kanazawa, a city in Ishikawa prefecture in central Japan.
Much more at the link
