Bank of Japan (BOJ) Governor Kuroda speaking in parliament today:

  • BOJ easing having desired effects
  • Core CPI is moving about 0%
  • Core CPI at 0% due to fall in oil prices
  • Sees Japan's overall price trend as improving
  • CPI ex-Fresh Food, Energy positive for past 28 months

More:

  • Almost all recent moves can be explained by oil
  • Will continue easing until 2% inflation is stable
  • Expects core CPI to reach 2% around H1 of FY 2017

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Bloomberg headlines

We had a giggle about Kuroda's 3D printing back in the good old days. About 3 weeks ago or something.