The BOJ official has been busy. Comments further to those made overnight.
You can never have too much Morimoto is what I say…..
- Exports somewhat weaker than expected due to overseas slowdown
- Must be vigilant of impact of overseas slowdown, yen rises on Japan economy
- Recent yen rises driven by investors’ appetite for safe haven yen
- Will not comment on specific forex levels (oh gone on, you know ya want to)
- Exports to gradually pick up as overseas economies emerge from slowdown (don’t hold ya breath pumpkin)
- Rising energy costs likely to constrain economic activity to some extent, push up prices
- Want to check whether BOJ’s bond buying auctions continue to miss target before deciding whether further adjustment needed in asset buying and loan programme
