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