more out on wires from the semi-annual outlook report.. I will have it up asap
USDJPY now 98.44 from rally to 98.57
- will continue monetary easing as long as needed to achieve 2% inflation in stable manner
- sees inflation at 1.9% in 2015/16
- says there are upside and downside risks to the economy
- sees GDP +2.9% 2013/2014 vs prev exp of +2.3% .
- GDP 2014/15 + 1.4% vs prev exp of +0.8%
- sees core CPI 2014/15 +1.4% vs prev exp of +0.9% excluding impact of sales tax hike
- exports likely to rise from weak yen
- no sign of excessivley bullish expectations in asset market
- Japanese economy faces risks from uncertainties in overseas economic growth
- nominal wages to rise
USDJPY back up to 98.70
