Ain’t that the truth
- Japan without questions still needs monetary stimulus
- Expects Japan to gradually return to moderate recovery
- BOJ easing not main cause of recent yen drop
- Investors now in risk-taking mode
- Sees recovery in some quake-stricken areas
- Balance sheet adjustment in US may take more time but process quicker than Japan
- The BOJ Gov delivered a speech in Washington
USD/JPY under pressure because of falling stocks here but these comments are dovish.
