He has back peddled, and did so again over the weekend:

• „It’s important to avoid vocally intervening“ in monetary policy affairs
• Or even appear as if he was doing so
• „the Bank of Japan makes an individual decision on policy“
• „I believe the BOJ’s governor and staff have a strong sense of responsibility over achieving price stability“

Ishiba threw in a few comments on the economy though:

• consumption needs lifting to help achieve a sustained departure from deflation
• real wages need to boosted

This article was written by Eamonn Sheridan at www.forexlive.com.

Producer price deflation deepened.

This screenshot is from the free ForexLive calendar.

China keep pumping out stimulus, Saturday:

• China offers few details on stimulus in Saturday’s press conference

Sunday brought confirmation of cuts to housing loans:

• Four of China’s biggest state-owned banks confirm mortgage rate cuts, beginning October 25

Meanwhile, as you can see above, consumer prices are still struggling to hold out of deflation territory.

This article was written by Eamonn Sheridan at www.forexlive.com.

We knew this was coming :

• PBOC tells banks to lower mortgage rates before October 31

The People’s Bank of China said cut ‚em by no less than 30 basis points (bps) below the Loan Prime Rate (LPR). The current 5-year LPR, used as a reference for long-term credit including mortgages, is 3.85%. Thus mortgage rates will fall to 3.55%.

This article was written by Eamonn Sheridan at www.forexlive.com.