BOJ governor continuing his press conference 31 Oct
- would also accelerate deflation
- wrong to think that unconventional mon pol would make exit difficult
- wages rising but takes time to change mindset
- wage growth will accelerate once deflation mind is gone
- a central bank Gov needs to grasp economic theory, this is a problem not just in Japan, also US & Europe
- 6 trln JPY target for ETF buys different to JGB target
- JGB buys are to achieve YCC, this is different to ETFs
- not sure if analysis of my expressions has policy meaning
More blah blah blah from the blah blah blah master
USDJPY 113.09 after a dip to 112.95. Decent demand down there as per the order board prevailing for the moment.
Yep, we know how you feel Mr K
