- Japan's economy is recovering moderately albeit with some weakness
- Economic growth likely to moderate as trade policies lead to slowdown in overseas economies
- Easy monetary conditions will support the economy
- Economic growth likely to rise thereafter with overseas economies returning to moderate growth path
- Impact of rising food prices likely to dissipate
- Will continue to raise policy rate if economy, prices move in line with forecasts
- Important to judge whether outlook will be achieved without any preconception
Well, he's not really offering anything new nor changing things up from their previous communique. That does say quite a bit despite some hawkish dissents in the vote. For now, the overall language has yet to see anything different. USD/JPY is trimming losses to 147.80 now from around 147.20 earlier at the tail end of Asia trading.
