BOJ dep governor on reuters
- aims to achieve 2% target as soon as possible in the 2 year time frame
- there are sign that some prices are bottoming out or rising
- gains in stocks and declines in yen are necessary for BOJ policy to spread through economy
- will take some time for BOJ policy to work so fiscal policy is needed to support growth
- increase in inflation expectations can spur demand for foreign currencies and weaken yen
- decline in real expected interest rates can lead to higher capital expenditure
- may take 1-2 years to see real increase in bank lending due to large cash reserves in corporate sector
Blah de blah
Nothing new here
USDJPY 97.25
