Reuters reporting the outlook from the regional BOJ boss Miyanoya

  • BOJ must also watch how financial market developments since the start of the year affect corp and household sentiment
  • output, exports of smartphone parts in Oct-Dec did not increase as much as expected
  • many firms in Kansai region say they want USDJPY to move stably around 120
  • many firms in region feel current yen rises are driven by investors risk aversion
  • some firms in region say they re puzzled to see yen rebound vs USD despite monetary policy paths of US and Japan

They're not alone. There's a few traders out there who have similar issues.

  • many firms in region want stable fx moves
  • BOJ doesn't hear too many calls for further easing
  • most firm's bosses favourable on wage increases
  • unclear if wage gains will be higher than before

Spring wage talks looming large and very much on the BOJ's agenda

USDJPY still trawling around 117.14