Japan money supply
M2, +3.2% y/y
- expected 3.1%, prior was 3.0%
M3, +2.5% y/y
- expected is 2.5% and prior 2.5%
Also, comments crossing from Japan finance minister Aso:
- Recent FX moves volatile
- Closely watching FX market moves
This after USD/JPY plunged to lows not seen since 2014 overnight
Every day that passes and USD/JPY sinks to fresh lows, the comments from Kocherlakota ring truer and truer. Kuroda blew it.
