The BOJ presser is underway.. You can probably guess the rest of the headlines
- virtuous cycle working in economy
- continues to recover moderately
Yep, all per printed programme so far
- slowdown in production and exports are temporary
- inflation expectations appear to be rising on the whole from long-term perspective
- Japan's economy will continue growth above its potential through FY 2017
- CPI likely to reach 2% around H1 of FY 2016/17 if oil prices move as forecast
- some BOJ board members were more cautious on price outlook
USDJPY 123.45 still understandably unfazed by any of this repeat mantra/outlook
- expects China to continue stable growth
- will continue to closely monitor Chinese stock markets