- expects higher input costs to continue to place upward pressure on consumer prices
- not seriously worried about economy undershooting BOJ’s main scenario
- main scenario that overseas growth will drive exports is still intact
- overseas capex has been weak which has weighed on Japan’s exports of capital goods
- BOJ stance remains that it will adjust policy if required
- not currently debating whether adjustments are needed
JPY unfazed by the reptition at 102.28
Maybe it’s my early morning blur but these guys are all starting to sound less than positive with current events/scenario.
