Japan's finance minister making his scheduled presser 2 Aug 2016
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When I finally hang up my typing boots and my fingers are doing nothing more sitting gently on the helm I certainly won't miss typing all this claptrap from Japan.
- BOJ and govt will continue to co-ordinate closely
- exchanged views on increasing issuance of 40-year JGBs. Will decide after consulting markets
- not considering issuing 50-year JGBs
- discussed contents, scale, effect of economic stimulus steps
- defeating deflation and achieving growth is important for govt and BOJ.
That's nice. Meanwhile yen demand continues as 50year JGBs idea dismissed again and markets continue to be underwhelmed by the stimulus package.
USDJPY 101.55 GBPJPY 134.05 EURJPY 113.70 AUDJPY 76.81
