- BOJ will make any needed revisions in outlook report
- not good if prices rise and real growth doesn’t
- prices rising with shrinking GDP gap
- drop in oil prices is a plus for Japanese economy
Add:
- doesn’t think recent FX moves are abnormal
- declines to comment on specific FX levels
- FX rate reflecting fundamentals is an economic plus
Nothing new in that stance either
USDJPY 108.56
