Headlines on newswires

  • Must continue to look at effects, side effects of QQE
  • Most importatn is for BOJ to guide monetary policy with determination to hit price target
  • Govt, BOJ must ensure there is smooth communication with each other on poliices
  • Downside risk regarding overseas economies receding
  • Expect Japan's economy to continue moderate expansion
  • Inflation likely to accelerate toward 2 % as companies raise wages, prices on steady rises in consumption
  • Personally see quite significant downside risks to Japn's inflation outlook, while risk to economy limited
  • There is strong uncertainty on how broadly firms will raise price ahead

The USDJPY remains contained and below the 100 hour MA at 112.50.