The BOJ presser is underway.. You can probably guess the rest of the headlines

  • virtuous cycle working in economy
  • continues to recover moderately

Yep, all per printed programme so far

  • slowdown in production and exports are temporary
  • inflation expectations appear to be rising on the whole from long-term perspective
  • Japan's economy will continue growth above its potential through FY 2017
  • CPI likely to reach 2% around H1 of FY 2016/17 if oil prices move as forecast
  • some BOJ board members were more cautious on price outlook

USDJPY 123.45 still understandably unfazed by any of this repeat mantra/outlook

  • expects China to continue stable growth
  • will continue to closely monitor Chinese stock markets