Japan PM Abe: Specific monetary steps up to BOJ to decide

Japanese PM Shinzo Abe addresses a press conference, following the cabinet re-shuffle earlier on the day, noting that he isn’t looking forward to extend the term as LDP president.

Key Headlines:

Not looking to extend term as LDP president

Plans to submit extra budget to diet in autumn

Priority for new govt is the economy

Trusts Kuroda as BOJ governor

Specific monetary steps up to BOJ to decide

Will do utmost to defeat deflation

There's no limit to BOJ mon policy

Meanwhile, USD/JPY gradually inches closer to daily highs, now trading +0.37% higher at 101.25 levels.