News Headline Summary

BoJ to commit to 2% inflation target according to Jiji

Update details:

- Japanses PM Abe said on Sunday that the BoJ needs to state a clear 2% inflation target in a joint statement later this month, in a way that sets the direction for implementing monetary policy and beating deflation plaguing the nations economy.

Reaction details:

- USD/JPY moved 18 pips higher in reaction to this news, going from 88.51 to 88.69.

Print 16:55, 15 Jan 2013 - BoJ - Source: Newswires