Here he comes folks !

  • doesn’t expect long term rates to surge anytime soon
  • sees no big impact of long-term rates on economy now
  • BOJ will alter the frequency and bond-buying terms as needed

Nothing new so far

USD JPY 102.65 EURJPY 132.65

  • Real interest rates are probably falling
  • no change in 2% inflation goal in 2 years
  • employment situation improving but regular pay not improved yet

USD JPY still 102.65