Bank of Japan board member Asahi Noguchi spoke earlier - recap

The headlines post of the comments are here from earlier:

• BOJ Noguchi: must maintain monetary easing, hitting 2% inflation target remains uncertain

Reuters have a recap post up:

• BOJ policymaker vows to keep ultra-low rates until wages perk up

Japan's wage growth is notoriously slow. Indeed, Goldman Sachs had this today:

• We expect an acceleration in basic wage growth reflecting high inflation effectively canceled out by a deceleration in bonuses and other wages

'Cancelled out' is not gonna meet BOJ objectives.

Its hard to see the Bank of Japan tightening policy any7 time soon.

Perhaps Bank of Japan Governor Kuroda can give us a few more hints when he speaks later today:

• Two speakers from the Bank of Japan coming up today - Asahi and Governor Kuroda

---

USD/JPY update: