- yen has only fallen back to pre-Lehman crisis levels
Economics minister Amari in a ” we’re not guilty of manipulation” plea with no one really that convinced
- says BOJ still has role to play but all “3 arrows” of Abenomics must be deployed to achieve its price target
- aiming for surprise effect is one way BOJ can maximise its policy impact
- govt will scutinize october and november 2014 data as well as Q3 GDP before deciding to proceed with sales tax rise to 10% in october 2015
USDJPY still 102.35 on the not so new news
