Headlines on newswires
- Must continue to look at effects, side effects of QQE
- Most importatn is for BOJ to guide monetary policy with determination to hit price target
- Govt, BOJ must ensure there is smooth communication with each other on poliices
- Downside risk regarding overseas economies receding
- Expect Japan's economy to continue moderate expansion
- Inflation likely to accelerate toward 2 % as companies raise wages, prices on steady rises in consumption
- Personally see quite significant downside risks to Japn's inflation outlook, while risk to economy limited
- There is strong uncertainty on how broadly firms will raise price ahead
The USDJPY remains contained and below the 100 hour MA at 112.50.