Japan's cabinet spokesman Suga on Kuroda's re-appointment 16 Feb
- govt decided best to leave Kuroda in charge of mon pol
- important for govt/BOJ to co-operate to beat deflation
No mention of achieving inflation target though. Lol
- important to watch market moves
- aware there are one-sided fx moves
- watching moves with greater sense of concern
- no change to govt stance to take appropriate action on fx when needed
Key word there is "greater" ofc but words are cheap. No comment forthcoming when asked if "appropriate" included fx intervention.
Even so USDJPY a tad higher at 105.86 with general USD demand.