News Headline Summary

Japan's LDP leader Abe says never said Bank of Japan should directly purchase construction bonds

Says:

- Will collaborate with Bank of Japan, aim for 2% inflation target.
- Calls for unlimited Bank of Japan easing until inflation reaches 2%.

Reaction details (23:23)

- No reaction in USD/JPY as we have heard very similar comments from Abe in recent days and weeks.
- USD/JPY trades at 82.09 (+1 pips) last.

Analysis details (23:25)

- According to the latest poll in the Nikkei press Abe's LDP party is clearly in the lead ahead of the December 16th elections.

28 Nov 2012 - 23:16 - - Source: Newswires

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