Former BOJ board member in an interview reported by Bloomberg
- Abe probably isn't waiting for BOJ to move now
- Japan must gauge impact of negative rates from longer view
- BOJ's negative rates will be effective
- USDJPY around 110 is a comfortable level for Japan
- govt needs to intervene if USDJPY breaks 100
The will they/won't they ease debate continues regarding the BOJ announcement this week and no one's any the wiser.
Meanwhile USDJPY currently 111.04 on the rise after holding 110.85 with the Nikkei also climbing off the session lows to 17347.87, -0.52%
