Japan Chief Cabinet Secretary Matsuno comments on the Bank of Japan Tankan report out earlier today:

  • Tankan business sentiment survey shows overall corporate sector is firm
  • Need to closely monitor downside risks including overseas economic slowdown, rising prices

Rising prices a risk? Does he know what the Bank of Japan have been doing these two decades or so?

That headline comes via Japanese media, Nikkei (which does tend to get a bit of a heads up from time

USD/JPY is little changed on the session, traders seemingly content to wait for the FOMC later.