BOJ gov Kuroda's presser underway

I expect him to stick to the usual script for the initial delivery but the Q&A could be interesting this time

  • exports and output affected by slowdown in EM economies
  • exports to gradually increase
  • Tankan report shows corp sentiment holding up overall but some signs of caution
  • core CPI likely to hit 2% in latter half of FY2016

USDJPY just nudging back above 122.00 but nothing of note in the presser as yet

  • BOJ won't hesitate to adjust policy as appropriate