News Headline Summary

Japan Govt, Bank of Japan considering issuing policy accord that sets as shared goals job stability as well as 2% inflation

- Govt, BOJ policy accord may not set deadline, policy means for achieving 2% inflation.

Reaction details (18:00)

- USD/JPY immediately moved down 7 pips from 87.31 to 87.24, trades 87.28 (-50 pips) last.

Analysis details (18:11)

- This is the first time we have seen reports that the Govt/BoJ may not set a specific deadline which could be seen as somewhat less dovish as the LDP up to this point have been particularly vocal in pushing through aggressive monetary easing as quickly as possible.

07 Jan 2013 - 17:52 - - Source: Newswires

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