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"