Press conference comments just being released now
- BOJ can cope with weaker growth caused by sales tax hike
- Japanese economy can grow with sales tax hike
- govt can use fiscal stimulus if sales tax hike hurts economy
- unsure if markets would trust govt to carry out sales tax plan if it was changed
- govt must ensure credibility of fiscal health
- overseas demand weaker than forecast in April
- BOJ ready to act on up and downside risks if needed
- CPI rising at pace expected by
- markets slightly more nervous about US tapering
- must carefully watch impact of Syrian crisis on global markets
- sees no need to take further BOJ policy action now
Yen wobbles on weaker growth comments but not exactly a new discussion given all the recent jaw-boning on sales tax hike
Looks like someone got wind of the release before the official, er, release
High post on USDJPY at 100.09 before running into more sellers
Currently back at 99.93
EURJPY high of 131.86
