Bank of Japan governor Kuroda speaking in Italy at G7 meeting 12 May

  • increase in global trade volume is good for Japanese economy
  • achieving high fiscal growth this fiscal year and next but prices not rising
  • global economy recovering steadily, growth rate rising and the trend will accelerate

Just doesn't do much to crank up your inflation rate though eh Mr K ?

  • important for Italian banks to deal with high NPL ratio
  • Italy bank issue not a big risk for whole EU bank system

USDJPY still yet to make a move at 113.77

Nikkei 225 has just closed down -0.39% at 19883.90

  • high 19941.60
  • low 19809.91
  • Topix -0.39% at 1580.71

USDJPY still very much 113.50-114.00. Take your pick.