BOJ governor Kuroda still up to the mic and into Q&A at press conference
- delay in achieving 2% target due to deflation mindset among households and companies
- no mistake that corp reluctance to pass on costs is behind low inflation
- capex is good in long term but in short term could be used to contain labour costs
- would allow higher rates if economy over heated but there is no big risk of economy overheating now
Aw, thanks for clearing that one up Mr K.
Meanwhile USDJPY and EURJPY nodding off again at 112.12 and 129.16, underpinned but failing to break higher still for the moment.
Kuroda - Talk to the hand
