- Underlying inflation is still below 2% but approaching that level
- Need to be mindful of downside risks to prices from tariffs
- We plan to proceed with ETF, J-REIT sales until they are fully disposed
Again, he seems to be mostly conveying the majority view and dismissing the dissents from Takata and Tamura. In other words, he’s trying to not make a big deal out of it. As for the ETF sales, I noted earlier how at the current pace it would take 112 years for them to fully unload their holdings. Good luck with that. USD/JPY has now erased losses on the day to 147.95 currently.
This article was written by Justin Low at investinglive.com.