Chief Japanese cabinet secretary Suga out on the wires 30 Aug
- will stand ready to take decisive steps against excessive fx moves
- govt and BOJ will work as one to defeat deflation
- Japanese banks will benefit if BOJ steps (neg rates) help improve economy
- up to the BOJ to decide on specific easing steps
- confident that Abenomics will exert positive effects with govt/BOJ coordinating policies
- important not to hurt BOJ's independence
- govt remains committed to FY 2020 budget balancing goal albeit delay in sales tax hike
Blah, blah , blah
Meanwhile USDJPY 102.12 after finding offers/res above 102.20 from it's sharp rally from 101.80 earlier. Nikkei also off its highs and currently -0.04% at 16,730.71
