US ratings agency out with their latest take on Japan 30 Aug

  • rating affirmation reflects slow but continuing progress in developing policy framework which could ultimately reflate economy
  • does not expect the Japanese govt to achieve all the objectives laid out at the start of Abenomics

I don't think they're alone on that one.

  • expects Japanese headline inflation to stay markedly below BOJ target
  • expects core inflation to remain broadly stable
  • stable outlook reflects a balance between upside and downside risks over the next 12-18 months

Full report here

USDJPY 102.22 still testing the 102.25 offers/res.