• sees no sign of financial imbalances brewing in Japan

  • quality of assets, not just quantity, is important in maximising effect of BOJs stimulus programme

Dep gov back on the wires a few moments ago

  • no change to stance
  • BOJ will adjust policy as needed

Yada yada

USDJPY lower at 122.87 as Nikkei continues to drift lower on some profit taking

and providing some USD selling elsewhere too