• Japan’s economy is expected to resume moderate recovery.
  • BOJ will maintain powerful monetary easing until 1% consumer inflation is in sight.
  • Will not hesitate to do further easing if economic risks heighten.
  • BOJ now scrutinizing effect of its easing steps , economic outlook and risks.
  • Uncertainty over overseas economies remains high .
  • Must be vigilant on effect of Yen rise’s impact on Japan economy.
  • Exports somewhat weaker than expected due to overseas slowdown.
  • Exports need to pick up while domestic demand remains firm for Japan’s recovery to strengthen.
  • Will take a long time for Japan to escape deflation.
  • JGB yields remain low due to public belief that BOJ will not print money to monetize debt.
  • Europe experiencing vicious cycle of worsening finances, economy and banking sector problems.

I think that will do it for Mr. Yamaguchi till next month .

RTRS