This apparent early purchase by the US companies was to avoid higher tariffs later on. Latest data suggests exports to the US have declined by 3.7 percent YoY.
That torch is now in our hands. And we will use it to light up the world. I am here tonight to deliver a message of unity and strength, and it is a message deeply delivered from my heart.
Sato also said the BOJ should not persist in maintaining the current pace of government bond purchases and consider reducing its massive holdings of treasury discount bills, since it now targets interest rates and not the pace of money printing.