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“The uncertainty is quite high for Japan’s economic outlook,” the Bank of Japan (BOJ) Governor Haruhiko Kuroda said in his opening remarks at the post-monetary policy meeting press conference scheduled on Thursday.

Further comments

Risks are skewed to the downside in both economy and prices.

Ready to ease monetary policy without hesitation as needed.

more to come …

Market reaction

USD/JPY is tracking the renewed weakness in the US dollar against its major peers. The major is little affected by Kuroda’s comments, as it trims gains to trade modestly flat at 104.37, as we write.