BOJ’s Masai expects pickup in Japanese economy

It is not surprising to see a top BOJ official sounding bullish on the economy following a 1000-pip slide in the Japanese Yen.

Bank of Japan’s (BOJ) Masai has reportedly said today that he expects the economy to pick up pace in line with the recovery in the advanced economies.

The Dollar-Yen pair has rallied from 101.19 (US Election Day low) to 111.12 (Asian session high).

The central banker also expects the consumer price index (CPI) to approach the 2% target in the second half of the forecast period.