• BOJ continue to pursue powerful monetary easing
  • BOJ will take appropriate, bold actions if risks to economic outlook rise
  • Capex has been weak due to overseas slowdown
  • BOJ to make use of asset buying scheme to meet price commitment even aftr 2013 deadline for purchases
  • Degree of BOJ easing at unprecedented levels
  • Expects Japan CPI growth to gradually rise but such forecasts vulnerable to external shocks