News Headline Summary

BoJ and Japanese government to specify 2% inflation target according to Nikkei

Update details:

- An earlier think tank report suggested the BoJ may target 2% inflation and back pedal on asset purchases and that the BoJ will take additional easing measures to show its seriousness at the next policy meeting on 22nd January.

Reaction details:

- Over the following 3 minutes following the comments, USD/JPY moved 4 pips higher from 88.16 to 88.20 despite this largely being a reiteration of earlier comments.

Print 16:36, 10 Jan 2013 - Economic commentary - Source: Newswires