Comments by Japanese prime minister Shinzo Abe

  • Specific monetary policy procedures should be left to the BOJ
  • Says he trusts in BOJ governor Haruhiko Kuroda
  • Says finance minister Taro Aso is to devote all efforts to fully exit from deflation

The same old, same old from Abe. Nothing new in his message here but it continues to highlight that the battle against the deflationary mindset has yet to change for Japan.

USD/JPY still sits near the highs at 112.71 currently. Likewise for EUR/JPY and GBP/JPY at 128.23 and 144.30 respectively.