News Headline Summary

Bank of Japan deputy governor Yamaguchi says BoJ may increase asset buying further if needed

Says:

- BoJ will increasingly take bold monetary policy steps.
- Recent JPY moves likely to underpin exports.
- BoJ has made strong pledge to pursue easing without interruption next year and beyond.
- BoJ always mulling what more it can do to help economy.
- Japan economy on weak note but seen resuming moderate recovery around middle of this year.
- Overseas growth appears to be picking up, see bright signs in US and China economies.
- JPY clearly weakening recently as risk appetite improves.
- Good chance Japan CPI growth will reach 1% in fiscal 2014.
- CPI growth may fall until around spring, then gradually head up reflecting economic recovery.

Reaction details (01:59)

- USD/JPY immediately moved up by 9pips from 90.97 to 91.08, trades 91.00 (5 pips) last.

31 Jan 2013 - 01:53 - Forex Data - Source: Newswires

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