So says finance minister Akira Amari. It always confuses me when officials start quoting other officials
- He relays that Kuroda said corporate earnings are improving
- Kuroda says virtuous economic cycle to continue
- Capex not rising as much much despite weak yen, suggests firms not shifting output back to Japan -Now quoting Suga
- Excessive yen rise, excessive yen fall, excessively rapid FX moves not positive for economy
He’s more or less repeating comments he made earlier on today
Last night’s Tankan report came in better than expected
