News Headline Summary

Japan vice economic minister Nishimura says no decision made yet on timeframe for achieving 2% inflation, though wording in statement will be vague

Says:

- Government's top economic council will be venue to examine progress in achieving 2% inflation target
- Sees no problem in current FX moves, which are correction of excessive JPY strengthening.
- Government and BoJ have largely agreed on gist of joint statement likely to be issued on Tuesday and the joint statement is likely to mention government's role in promoting growth strategy and fiscal reform.

Reaction details:

- No immediate reaction seen in USD/JPY, trades 89.81 (-1 pip) last.

Print 01:00, 18 Jan 2013 - Asian News - Source: Newswires