Bank of Japan's governor still in Q&A mode 29 July 2016

  • Oil price decline is main reason for failing to reach inflation target
  • do not intend to monetize govt debt
  • doesn't see any problem with BOJ;s communication with markets

Oh really?

  • will consider increasing ETF purchases further if needed
  • will take necessary decisions on other dimensions of mon pol if needed

USDJPY nudging its way back to 103.62