Mr Yawnfest now on stage

  • virtuous economic cycle working in Japan
  • expects Japanese industrial output to recover gradually
  • corp sentiment at favourable level
  • economy to continue moderate recovery
  • exports will likely be flat for time being but increase moderately
  • CPI to reach 2% target around H1 2016, timing may change depending on oil price
  • monetary easing is having intended effects

I think he's picked up the notes he used last time, and the time before, and the time before that and...

  • will adjust policy as appropriate
  • keep easing until 2% inflation is stable

Blah dee blah. Nothing to see here. Time to make some tea

USDJPY 120.06 EURJPY 135.15