- virtuous cycle working in Japan’s economy
BOJ gov presser just starting. Earlier today the BOJ made no change to policy at their meeting
- CPI likely to be around 2% target around FY 2015
- exports expected to recover moderately ahead
- industrial output returning to moderate growth ahead
- inflation expectations still rising over long term
- QQE exerting its intended effect
- deflation mindset is steadily changing due to QQE
