- Sees big impact on Japan economy if nuclear plants don’t resume operation
- Uncertainty has heightened on power supply in long term due to suspension of nuclear power plants
- No clarity yet on when and how much reconstruction demand will emerge
- To watch govt’s reconstruction assistance in considering what BOJ can do
- Slowdown of US output, consumption likely to ease over time
- Japanese corporate bond market overall has regained calm
USD/JPY sits at 80.45. Sell stops seen through 80.00, buy stops now through 80.65.
