BOJ governor Kuroda's presser begins following the monetary policy decision earlier
- Will adjust policy as appropriate with an eye on economic, price and financial conditions
- Taking time to overcome deflationary mindset
- Expects companies price-setting stance to become more positive form now onwards
- Inflation expectations have escaped from a weak period
- BOJ will persistently continue monetary easing
- Will patiently continue with current aggressive stimulus to achieve 2% inflation target
- Global financial markets have been volatile but economic fundamentals remain solid
- Volatility has remained a bit high after subsiding
- Economic impact from recent market volatility is limited
- Will continue to closely watch financial markets
More or less the same stuff from Kuroda so far as expected, no surprises there really. I mean, he can't possibly stray too far off from his usual rhetoric and the one that was delivered on Tuesday so this is as good as it gets.
USD/JPY unphased at 106.69, EUR/JPY at 131.43, and GBP/JPY at 147.31.
