BOJ board member Iwata out on the wires a few moments ago 7 Dec

  • will make a policy decision based on how any change in bond-buying pace could affect inflation expectations
  • BOJ may accelerate bond purchases if momentum to hit 2% inflation weakens but may slow buying if inflation approaches 2%
  • waivered on whether to vote for BOJ decision to adopt neg rates given potential neg impact on bank profits
  • current long-term rate moves don't pose neg impact on economy's momentum to hit 2% inflation target
  • BOJ may need to expand asset buying to push down yields
  • if long term rate rises are driven by improvements in economy BOJ may change amount of JGB buying

USDJPY 114.26 tightly bound for the moment.