On Monday was planned speech of Kuroda, the Governor of BoJ. The speech has a really big influence for fundamental traders and investors. After this statement we can expect big moves on the markets with Japas stocks and thier national trading pair .
The Bank of Japan maintained its upbeat economic assessment for all nine regions of the country on Monday and its governor voiced confidence that inflation will head toward his 2 percent target, suggesting that monetary policy will be on hold for the time being, according to Reuters.com
In a quarterly report on regional conditions, the central bank said all areas were either recovering or expanding thanks to robust overseas demand, a tightening job market and improving private consumption.
“Japan’s economy is expected to continue expanding moderately,” BoJ Governor Haruhiko Kuroda said in a speech at the quarterly meeting of regional branch managers.
Kuroda also reiterated the BOJ will maintain its ultra-loose policy until inflation hits its 2 percent target.
The BOJ revised up its assessment on capital expenditure for three of the nine regions, saying many companies have ramped up spending on plant and equipment to streamline operations as they struggle to hire employees in a tight job market, according to Reuters.com