Japanese Econ Minister: External factors main reason for recent yen move

The Japanese Econ Minister is cosign the wires, noting that external factors are the main reason for recent yen move below the 116.00/115.50 support levels.

Headlines

Hope annual wage negotiations lead to rise in real wages

Yen is being bought due to safe haven flows

Negative rates shows boj's determination to end deflation

Falling yields will lead to capex increase, but will take time to work