BOJ Governor Kuroda comments in parliament:

  • Economy has continued moderate recovery trend
  • Expects continued moderate recovery going forward
  • Underlying trend in prices expected to rise

Headlines on Bloomberg

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Just when I thought it was getting quiet here in Asia and there wasn;t much new happening

Hmm ... actually ... its just Kuroda ... nothing is new

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And on he goes:

  • BOJ easing is having intended impact
  • Will continue easing until 2% inflation is stable
  • Hitting target may come earlier, later, depending on oil

Earlier? Puhhhlease ....

  • Will check risks, make adjustments as needed

He's still going ...

  • CPI likely to reach around 2% in or around fiscal year 2015
  • No excessively bullish expectations in stock market now
  • BOJ easing isn't targeting FX rate

Not a picture of Kuroda:

Ya stop for just a moment to stick in a smart-ass picture and he drops a few more:

  • Monetary easing tends to weaken FX rates
  • Hard to generalize connection between FX and easing
  • Hard to generalize because conditions change

There's no stopping him ....

  • Important for the government to exercise fiscal discipline given large outstanding debt

Wasn't it Queen that sang 'Don't stop me now'? Could be K san's theme song. I'll have to ask the poms when they get in. Not sure if Mike and Ryan are fans of Queen or not, though?