BOJ Yamaguchi: To consider possible policy action after examining impact of high yen

• 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.