Bank of Japan press conference still in full flow 28 April

  • BOJ did not debate applying negative rates to lending facilities at today's meeting
  • if needed, can take rates further into negative territory
  • wrong to think BOJ can not cut interest rates further into negative territory
  • mon pol decided by carefully looking at data

Markets still not buying Kuroda's hot air.

USDJPY 108.17 EURJPY 122.80