BOJ's Kuroda: Japan has not erased deflationary mindset completely

BOJ's Kuroda is crossing the wires, noting that Japan has not erased the deflationary mindset completely.

Key headlines

Japan is not in a state of deflation

Inflation expectations have shown weakness recently

Price trend is improving

Low oil price is big factor

BOJ still halfway to reaching 2% price target

Mar 17, 2016

Sell USDJPY for another move lower - TDS

Ned Rumpeltin, European Head of FX Strategy at TDS, suggests that after consolidating around the 113 level over the last several weeks, they think conditions are ripe for USDJPY to take another leg lower as the March FOMC outcome has taken on an unexpectedly dovish tone.

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Mar 17, 2016

JPY: Likelihood of BoJ’s policy action remains high – Nomura

Yujiro Goto, Research Analyst at Nomura, notes that at the first meeting of the Japanese government’s global economic panel, Professor Stiglitz said the G7 should focus on coordinated stimulus for demand.

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