PM Abe adviser on the wires

So that tells us that BOJ easing is designed to weaken yen and not just a bi-product. As if we needed telling anyhow but previously they've been far more coy

  • BOJ can refrain from further easing this Friday as long as jobs market remains tight
  • govt should take steps to cushion impact of coming sales-tax hike on lower income people
  • Japan should cut effective corp tax rate below 30% next fiscal year

Yen pairs lower on the headline led by USDJPY down to 120.87