- Need more time to judge trend on yen (really?)
- To carefully watch impact of high yen on Japan economy and prices
- High yen could affect exports, corporate profits and sentiment
- BOJ price understanding not much different than US Fed’s price goal
- No big difference in BOJ’s, US Fed’s commitment to easy money
- Don’t see immediate need to change methods of communicating with market
- Don’t thing timing of Japan’s return to recovery to be delayed at this point
- Don’t think recent yen rise will trigger immediate policy action (why say that?)
USD/JPY trading at session low 76.08.
