Groundhog Day time again
- BOJ won’t hesitate to make adjustments if needed
- Japanese economy only halfway to BOJ’s price target
- BOJ will continue easing until 2% inflation is stable
- will continue to ensure price stability irrespective of the level of potential growth rate
- annual CPI growth likely to slow to around 1% through the summer before resuming uptrend from H2 FY 2014
- exports are likely to start increasing again, albeit moderately, once growth in overseas economies gradually picks up
- BOJ strongly hopes govt will push ahead with steady implementation of its growth strategy
USDJPY still 101.93 on the repeated mantra