- Likelihood of achieving inflation target is slightly higher but we want to look at more data
- Food price inflation is finally past the peak
- Want to look at wage trends, future wage moves and impact on prices/inflation
Again, all of this just continues to pin the focus on the spring wage negotiations next year. In other words, don't expect much of a change by the BOJ until we get to that. USD/JPY remains up 0.6% at 143.60 currently.