BOJ governor Kuroda still speaking at the BOJ presser - 23 January 2018
- Says that 2% target is the global standard
- Oil prices, technology advancement, globalisation among factors behind global disinflation
- Wages and prices move in parallel in Japan
- Without wages, there's no price rises; vice-versa
- Wage growth is needed for sustainable inflation
- Inappropriate to comment on selection of next BOJ governor
- Next BOJ governor needs to have a global outlook
Some more general comments by Kuroda on inflation and "deflation". Nothing major now, most of his policy comments were made earlier.
USD/JPY now at 111.14 near session highs as EUR/JPY slips a little back down to 136.06 after hitting session highs of 136.22. The dollar is also gaining traction across the board.
