Comments from the BOJ Governor:
- Don't think IMF has strong concerns over China's economy as it didn't cut its growth forecasts for China at this time
- Won't be surprised to see Chinese economy achieve solid growth in near term as it has room to deploy further fiscal and monetary easing
- Japan consumer spending resilient, capital expenditure remains strong
The BOJ isn't going to surprise this month with more QE. I think the risks are to the upside for the yen (to the downside for yen crosses).
