Comments from Japan economy minister Ishihara:

  • Hope annual wage negotiations lead to rise in real wages
  • Recent yen gains are due to external factors
  • Yen is being bought due to safe haven flows
  • Negative rates shows boj's determination to end deflation
  • Falling yields will lead to capex increase, but will take time to work

  • Will go ahead with next sales tax hike unless there is economic shock like Lehman crisis

"Will go ahead with next sales tax hike unless there is economic shock like lehman crisis"

i.e. Yes, we will be pushing the economy back onto recession, so please stop buying the yen