ICYMI, yesterday Bank of Japan Governor Kuroda surprised us by saying something of substance
- BOJ will consider easing policy further if FX moves hurt economy, prices and threaten achievement of price goal
- USD/JPY buyers get a boost from Kuroda comments
Check out the trade figures just our … and the big miss on already low expectations for exports:
Japanese authorities will not be happy at all with this, slowing external demand is becoming a dead weight on Japan's economic performance.
I expect we will see more BOJ speaker coming out of the woodwork with similar coments to Kuroda yesterday. Now, whether anyone will believe believe them or not is a good question
