• Don't want to single out any policy step in mentioning "nimble responses"
  • Gradual steps will be needed amid mixed circumstances surrounding smaller firms
  • We need to keep some easing measures to some extent
  • But important for exit strategy to not be too complicating

USD/JPY nudges up slightly on the headline remark from 149.75 to 149.95 but is still down 0.5% on the day.