Kuroda going over the same old ground with his comments
Meanwhile USD/JPY back under 112.50, down more than 50 points from earlier highs.
The Nikkei isn't much changed, around +0.2% as I update
Kuroda:
- Expansion of monetary base alone won't immediately push up prices, inflation expectations
- Key transmission channel of QQE is to push down real interest rates
- Inflation expectations have been somewhat weak lately
- In long run, inflation expectations are rising