The Traderszone Network

BOJ gov presser still in progress
– next Spring’s wage talks are v important
– in long-term if wages don’t rise then prices don’t rise
– expects high corp profits to continue
Nothing of note in those comments. Stating the obvious re wages

Latest data now out
– prev from +CHF 3.05bln
– exports mm +5.4% vs +2.3% prev from +0.2%
– imports mm +3.5% vs +2.6% prev
– watch exports fall 13.2% yy real terms to CHF 2bln
Not a price changer but welcome news for the Swiss as CHF weakens over the period

BOJ boss with his usual post-announcement presser just underway
– inflation expectations appear to be rising on the whole
– will check risks and adjust policy as needed
The snoozefest begins. One day he’ll prove me wrong and say something worthwhile

U.S.

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Japanese PM’s spokesman Kawamura speaking at the APEC meeting
– Abe told the meeting he sees downside risk to global growth
– stressed need for quality growth
A mix of caution and optimism sees USDJPY unfazed at 123.28 still

The U.S.

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