BOJ Governor Kuroda comments in parliament:
- Economy has continued moderate recovery trend
- Expects continued moderate recovery going forward
- Underlying trend in prices expected to rise
Headlines on Bloomberg
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Just when I thought it was getting quiet here in Asia and there wasn;t much new happening
Hmm ... actually ... its just Kuroda ... nothing is new
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And on he goes:
- BOJ easing is having intended impact
- Will continue easing until 2% inflation is stable
- Hitting target may come earlier, later, depending on oil
Earlier? Puhhhlease ....
- Will check risks, make adjustments as needed
He's still going ...
- CPI likely to reach around 2% in or around fiscal year 2015
- No excessively bullish expectations in stock market now
- BOJ easing isn't targeting FX rate
Not a picture of Kuroda:
Ya stop for just a moment to stick in a smart-ass picture and he drops a few more:
- Monetary easing tends to weaken FX rates
- Hard to generalize connection between FX and easing
- Hard to generalize because conditions change
There's no stopping him ....
- Important for the government to exercise fiscal discipline given large outstanding debt
Wasn't it Queen that sang 'Don't stop me now'? Could be K san's theme song. I'll have to ask the poms when they get in. Not sure if Mike and Ryan are fans of Queen or not, though?
