Adviser to PM Abe out on Reuters 10 May 2016
Obviously not in a hurry to step in any time soon. I wonder if he cleared that remark with Aso first?
- Japan can warn markets that it has the right to stem volatile fx moves
- BOJ's mon pol working fairly well
- raising sales tax next would entail many risks
- BOJ can wait before deciding any fresh easing
- need to gauge impact of negative interest rate policy
USDJPY still 109.20 and pausing for breath but showing no signs of running out of air just yet.