BOJ gov out on the wires speaking in parliament. Again.

  • will adjust policy without hesitation in future if needed
  • negative rate policy will have big impact of lowering interest rates
  • expects QQE with neg rates to help inflation accelerate to 2% price target

Accelerate ? Really?

Nothing here that hasn't been said before and USDJPY suitably unimpressed at 113.70

PM Abe:

  • BOJ's neg rate policy to contribute to escaping inflation

Eamonn had earlier Kuroda comments here

" Keep smiling, and they'll never guess we haven't got a clue"