Bank of Japan Governor Kuroda has been speaking, as I pointed out the big news is the words he is not saying - nothing at all on the rapidly sliding yen:
BOJ Gov. Kuroda speaking, has not addressed the sharp fall in the yen (yet anyway)
Bank of Japan Governor Kuroda does not mention the yen weakness, so it drops some more
So far at least.
More now, and still nothing on the yen.
- unwinding monetary stimulus hastily could hurt capex and domestic demand
- BOJ policy should not be tied to the governor's term, it should be decided at each policy meeting.
Yen still dropping lower:
