BOJ's Kuroda says Tankan report shows business sentiment at favourable level

Author: Mike Paterson | Category: Central Banks

Here we go

Presser just starting USDJPY 119.86 EURJPY 130.04

  • Japanese economy continues to recover moderately as a trend
  • positive cycle working
  • expects industrial output to recover moderately
  • inflation expectations rising on the whole from long-term perspective
  • CPI likely to reach 2% in period centring on fiscal year 2015/16
  • BOJ will keep eye on updside and downside risks and adjust policy as appropriate
  • will continue QE as long as needed to achieve inflation target in stable manner

Same old, same old so far

USDJPY 119.90

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