BOJ deputy governor now speaking to reporters 9 June 2016
- wage increases spreading to small companies
- some concern over neg-rate impact on banks' profits
- expect prices to reach around 2% in FY 2017
- BOJ will look at whether income gains lead to more spending and whether prices are rising accompanied by wage growth in deciding whether to ease policy or not
Yes folks, Nakaso providing today's daily dose of clap-trap from Japan.
Meanwhile the demand at 106.50 that I highlighted earlier is lifting USDJPY to 106.73 and Nikkei to 16678.57.
