BoJ officials are speaking in Parliament and the Finance Minister Shunichi Suzuki has stated that Japan has not emerged from deflation and that the government will work closely with BoJ to take all available means to end deflation.

The BoJ's deputy governor Wakatabe said it is desirable for forex rates to move stably reflecting economic fundamentals.

Meanwhile, the yen has been firmer on Thursday as US yields take a breather on the bid. USD/JPY is down some 0.3% at the time of writing and homing in on 125 the figure.