BOJ board member just out on rtrs from a press conference after meeting business leaders

  • if risks appear and lead to change in BOJ forecast than they would adjust policy
  • BOJ policy is not limited to reacting to economic data after the resuklts are known
  • recovery in advanced economies will lead to growth in emerging economies
  • overseas demand a little weak but do not see risk to economic outlook
  • increase in corporate profits is drivng demand in business investment

Nothing new here. Shock

USDJPY just off its lows at 102.00 as Nikkei recovers a little bit of lost ground at 14,473.82