- virtuous cycle seen contininuing
Here we go
- consumer sentiment starting to become more optimistic
- expects exports to continue rising on weak yen and overseas economic strength
Overseas economic strength ?
- CPI seen at 0% for the time being due to cheaper oil
- inflation expectations still appear to be rising on the whole from long-term perspective
USDJPY 121.35
- BOJ easing is having intended effect
- inflation likely to reach 2% target in or around F7 2015
- BOJ will check risks, make adjustments as necessary
Nothing new so far
