• likely that the decision was as a result of cautious debate within the BOJ

PM still speaking in Beijing and repeating comments he made at the time

  • hopes BOJ continues its efforts to meet its 2% inflation target
  • govt will work closely with BOJ and make every effort to ensure the end of deflation

USDJPY 115.83 after 116.11 highs earlier with offers into 116.20 still holding

Abe - I'm listening. Really

Abe – I’m listening. Really