News Headline Summary

BoJ board member Sato says Japan annual CPI growth likely to turn positive this summer

Says:
- Wont rule out option of offering longer term fixed rate funds via market ops.
- BoJ wont hesitate fine tuning policy flexibly if unexpected risks to economy materialize.
- BoJ does not rule out additional steps.
- Chance of Japan seeing 2% inflation in 2 years not necessarily high.
- BoJ's inflation target is a flexible one.

Reaction details:

- USD/JPY immediately moved higher by 9 pips from 99.98 to 100.07, trades 100 (-35 pips) last.

Print 02:23, 22 Jul 2013 - Asian News - Source: Newswires