Bank of Japan press conference still in progress.
- no change to view that inflation expectations rising over long term.
And I'm sure he'll be first to tell us all about it when they finally get here. He'll be long out of office by then though.
- sales tax hike decision is for govt/parliament
- impact of this hike is about half of last time
- economic environment is set for wages growth
- Japan is no longer in state of deflation
- global economy is expanding moderately but emerging economies are slowing.
