- won't hesitate to take action if needed
The Q&A now underway. USDJPY still 119.16
- transmission mechanism for QE is still working
- negative real interest rates are having positive effect on investment and economy
- Q4 GDP data showed capex rather weaker than it really is
- labour market close to full employment
- conditions are good for base salaries,bonuses to rise
- drag on economy from sales tax hike is ending
- weak yen impact is different for each economic activity
