Some comments from one of the BOJ region branch managers - 15 January 2018
- Weak yen trend has been among factors that boosted corporate profits, consumer sentiment
- Current consumption trend is strong in central Japan region
- Doesn't think that Japan's economy is experiencing a bubble
- Japan's financial intermediation functioning smoothly, must watch carefully how BOJ policy affects bank earnings
- Conditions for wage hikes are falling into place
Earlier in the day, the BOJ raised economic expectations in 3 of Japan's 9 regions here. Rumours are also saying that the BOJ is expected to raise its current year GDP forecasts in its upcoming meeting on 23 January.
USD/JPY trading near the lows for the day, now at 110.65.
