Japanese PM's advisor Etsuro Honda out on BBG

  • BOJ should be ready to ease if price expectations fall
  • Japan needs JPY 3-3.5trln economic package to shore up consumption and stave off further economic contraction

"The negative legacy of the previous sales tax hike is waning but increases in wages are lower than expected and prices of food and daily commodities are rising"

USDJPY staging a small rally to 124.32