Mr Yawnfest speaking in Osaka and delivering the same old drivel

  • price trend is improving
  • will adjust policy if there are changes in price trend
  • sees reaching 2% price target in around H1 2016
  • further momentum needed to achieve 2% target
  • BOJ easing is exerting intended effect
  • rehang 2% target could come earlier or later depending on oil price

Mr K keeping his options open still

  • recent substantial decline in Chinese stocks could be regarded as a correction of past excesses
  • appears yen is likely to remain weak
  • China economy slowdown intensifying

USDJPY a tad softer at 120.23

Kuroda- still looking for that 2% inflation target