Japanese PM starts the press conference I reported earlier

  • budget contains help for couples aiming to have children
  • largest issue is improving people's way of working
  • aim is to achieve same wage for same work
  • will front load FY2016 budget spending where possible. Has ordered Aso to speed up spending of next FY's budget
  • economic recovery trend remains intact
  • uncertainty over global economy is growing. G7 policy cooperation is needed for global growth
  • wants to talk with G7 leaders about how much Japan can contribute to sustainable strong world economic growth.

So it was 6.20 local time. That's the mystery solved at least.

It's all about the budget that was approved earlier by parliament and which Ryan reported here.

No talk of easing so far.

USDJPY unfazed at 113.70 after running into the offers at 113.80 that I highlighted earlier.