Embargoed presser now coming out
- correction in excessive yen strength has been positive for Japan’s economy
- no change to view that Japan heading steadily to 2% inflation target despite fluctuations from sales tax hike
- BOJ’s exiting two loan schemes have played key roles. undecided still on extending deadlines
- BOJ monetary policy not aimed a FX markets
- consumer inflation to to slightly exceed 1% by year-end 2013
- doesn’t expect April sales tax hike to cause big problems
- will carefully watch impact of Fed policy on markets and global/Japanese economies
- expects exports and capex to gradually rise ahead as global economy recovers
- doesn’t expect big change in pace of monthly JGB purchases from next fiscal year
That’s it !
Nothing new on first look
USDJPY still 104.43