- virtuous cycle seen working
Well that’s the first two standard mantras out of the box in his presser which has just started
USDJPY 117.33 still
- exports to recover moderately due to overseas recovery and weak yen
- private consumption remains firm as a trend, sales tax hike to wane graudally
- CPI likely to hit 2% around fiscal 2015/16
And there’s the next three
- BOJ QQE having intended effect
- expects expanded QQE to strengthen transfer mechanism of monetary policy
- very important to maintain trust in Japan’s public finances
- expect govt to maintain fiscal consolidation plan
- sales tax decision up to govt and parliament
I’ll go and make some tea
Kuroda asks if anyone out there has a new script
