News Headline Summary

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

Reaction details (16:39)

- 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.

Analysis details (16:37)

- 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.

10 Jan 2013 - 16:35 - Fixed Income Economic Commentary - Source: Newswires

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