BOJ’s Kuroda sees CPI around 1% for some time

• it’s hard to to imagine CPI jumping to 2% suddenly

More from Mr K’s presser

• remains confident that BOJ can meet the 2% price target
• current situation different from 1997
• thinks employment will improve more than expected

USDJPY still 102.85 on the mantra repetition

• doesn’t see a need for further easing now but won’t hesitate to adjust monetary policy if needed

USDJPY dipping to 102.77 again on the latest comment

• inappropriate to comment on specific easing steps though there is always room to consider various options