Japan govt minister: BOJ should drop 2% inflation target, should not ease further

Japanese minster for internal affairs

• BOJ should not expand easing program any further
• The push to hit 2% inflation is desperate
• BOJ should drop its 2% inflation target

If anyone listens to him it'll be yen supportive (less easing .... or at least not more added to current levels of). Maybe he is softening us up for a change from the BOJ. I dounbt it'll come tomorrow though. Previews:

• BOJ preview - very likely the Board will make no changes to key policy settings

--

Also, Fitch on Japan - says GDP growth to slow to 1.3% in 2013 and firther down, to 0.7% in 2019