USD/JPY flows: All in the mindset

The thought of low inflation or even deflation seems to have been craved not only to Japanese residents, but also officials as Japan Eco Min Akazawa is still talking about the deflationary mindset in his remarks. It does not sound like someone who is confident that the Japanese inflationary picture is enough despite headline CPI above 2% for a sustained period of time.

USD/JPY is little affected and is trading 0.08% higher at 158.22.