BOJ governor Kuroda with scheduled speech 25 Sept
- there is still some distance to achieving price target
- BOJ will continue with powerful monetary easing to achieve 2% target asap
- Japan's economy enjoying balanced expansion driven by external, domestic demand
- Japan inflation continues on weak note
- BOJ will have more policy room left for the future if nominal interest rates are higher
- BOJ isn't just aiming to drive up inflation but instead is aiming to achieve positive economic cycle where household income rises
Usual delivery of repeated hot-air leaves USDJPY suitably unfazed at 112.25
"Ok boss, how did I do ?"
