BOJ’s Shirai: Watching forex moves closely

So are we!

Press conference details hitting the wires

USDJPY up to 94.45 from new lows of 94.19 just now

  • BOJ’s JGB buying will lower risk premium and become more efffective on yields over time
  • still room for stock risk premium to fall further
  • deisreable for long-term interest rates to rise gradually
  • expects JGB yields to rise grraduallly in 2-3 years
  • BOJ will not suddenly end ultra-easy policy in 2 years
  • will review policy at appropriate times to consider economic and price developments
  • expects Japan to approach 2% inflation target toward end of fiscal year 2015

That appears to be it for the moment

USDJPY 94.40 Nikkei 12,571

Featured Videos