US ratings agency out with their latest take on Japan 30 Aug
- rating affirmation reflects slow but continuing progress in developing policy framework which could ultimately reflate economy
- does not expect the Japanese govt to achieve all the objectives laid out at the start of Abenomics
I don't think they're alone on that one.
- expects Japanese headline inflation to stay markedly below BOJ target
- expects core inflation to remain broadly stable
- stable outlook reflects a balance between upside and downside risks over the next 12-18 months
Full report here
USDJPY 102.22 still testing the 102.25 offers/res.