A few BOJ remarks out on Reuters…
# Japan economy has begun to stop worsening.
# Financial conditions tight but signs of improvement
#Exports, output turning upwards.
#japan economy expected to recover latter half of 2010.
The BOJ has upgraded its economic assessment for the second straight month, as improvements in exports and output fuels hopes the worst of the recession is over. As widely expected, the BOJ kept rates at 0.1% and held off on any new policy initiatives. Read in full here.
USDJPY has come off 15-20 pips to trade at new low for the day under 97.60.
