BOJ governor speaking in parliament

  • Japan is not in a state of deflation
  • inflation expectations have shown weakness recently
  • price trend is improving
  • low oil price is big factor
  • BOJ still halfway to reaching 2% price target

Yes folks, it's Mr K repeating himself again from his second residence.

Meanwhile USDJPY continues on the back foot at 112.07 after 111.94 lows dragging Nikkei lower with it.