Japanese PM Abe also speaking in parliament 28 March
- will consider hike delay if financial crisis-level shock
- would consider how to react to a shock the size of Lehman
- will take necessary steps to counter any damage from sales tax hike
BOJ gov Kuroda:
- decision on sales-tax is up to govt/Diet
- reaction to 2014 sales-tax hike was larger than expected
- BOJ underestimated impact
- effect of 2019 sales-tax hike likely to be less than 2014
- vital for govt to keep fiscal trust in long term
USDJPY still suitably unfazed at 105.52
" Keep smiling, they might even believe we're in control"
