While there was no change to policy at this week’s BOJ meeting, and we have already covered BOJ head Kuroda’s press conference, a bit of a review with ‘5 key takeaways':

  1. Said the US government shutdown could have a “very serious impact” on U.S. and world economies if it is protracted
  2. The BOJ could rspond if the US budget impasse hurts Japan’s economy
  3. PM Abe made the correct decision on the sales tax – important in securing the market’s confidence in Japan’s debt management
  4. The accompanying stimulus package reduced the prospect of further BOJ policy action at the margin
  5. Spoke out to chide Mizuho Financial Group for making loans to organised crime

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