- USD/JPY fell to a record low of 75.73 today midway through US trading but has bounced back above 76.00.
- The BOJ starts a two-day meeting Thurs
- Nikkei says BOJ will consider increasing asset-buying program to ¥55T from ¥50T, may buy more long-term bonds
- JiJi news earlier warned the BOJ was trying to build a consensus on intervention
- Azumi said yesterday the recent rise in JPY was speculative
I believe the government is thinking long-term, not intervention. The credit program for overseas acquisitions hasn’t even had a chance.
