- Japan’s economy is expected to resume moderate recovery.
- BOJ will maintain powerful monetary easing until 1% consumer inflation is in sight.
- Will not hesitate to do further easing if economic risks heighten.
- BOJ now scrutinizing effect of its easing steps , economic outlook and risks.
- Uncertainty over overseas economies remains high .
- Must be vigilant on effect of Yen rise’s impact on Japan economy.
- Exports somewhat weaker than expected due to overseas slowdown.
- Exports need to pick up while domestic demand remains firm for Japan’s recovery to strengthen.
- Will take a long time for Japan to escape deflation.
- JGB yields remain low due to public belief that BOJ will not print money to monetize debt.
- Europe experiencing vicious cycle of worsening finances, economy and banking sector problems.
I think that will do it for Mr. Yamaguchi till next month .
RTRS