Speaking in NY
- Investors becoming excessively risk-averse.
- Watching how market turbulence might affect Japanese economy, inflation
- Bank of Japan watching markets/in touch with international counterparts.
- Yen has appreciated rather rapidly
- China concerns helped propel market volatility
- Negative rates apply to only very small portion of total bank reserves
- The substantial drop in bank shares is overdone
The USDJPY - meanwhile - continues to slowly move higher as does the EURJPY.
