- not appropriate to comment on forex levels or direction
Pres conference release out now. .more to come
- BOJ is conducting monetary easing for price stability, not to target forex
- board members Sato and Kiuchi against 2% inflation forecast for 2016
- unlikely that longer term rates will rise now
- will continue to buy JGBs in balanced way to impact yield curve and make adjustments as needed
- BOJ will not stop buying short term debt despite speculation that they might
- wil be able to curb rises in long term
- all board members shared the view that the forecast period in today’s semi-annual review should be extended
- Japan’s public finances are not sustainable. it is necessary to achieve primarty surplus as soon as possible
That’s it for the moment. Nothing much to shake things up but hey,we won’t get comfy just yet
USDJPY 98.60
