• decline in demand after sales tax hike to fade

Zzzzzzzzzzzzzz

The presser has started but I’m not expecting anything of note although USDJPY having another little Nikkei-based wobble down to 101.58

  • BOJ sees weakness in exopirts and construction
  • expect exports to return to a gradual recovery
  • see positviv cycle in households, corp sector
  • will check risks, make adjustments as necessary
  • will continue with QQ3 as long as necessary to achieve 2% price target in a stable manner
  • CPI likely to hit 2% around middle of forecast period between FY 2014-2016