We've had some comments from Bank of Japan Governor Kuroda today, posted here

Here is an earlier piece via Bloomberg, over the weekend: Bank of Japan Governor Haruhiko Kuroda is starting to convince bond investors he can revive inflation without extra monetary easing.

  • The yield curve suggests buyers have been unwinding bets that the BOJ will expand purchases of long-term debt, while a measure of market volatility declined to the lowest in more than a year.
  • What Kuroda has done is focus attention away from the core consumer-price index
  • The BOJ began publishing an alternative gauge that strips out both fresh food and energy prices, and which showed inflation rose at a 1.2 percent clip for a second month

"With the BOJ publishing its own consumer-price index while stressing the importance of looking at a variety of indicators, it's starting to win market participants over," said Makoto Suzuki, a senior bond strategist at the Japanese brokerage. "That core CPI is negative is not really a big deal, though the central bank is still far from reaching its target."

There is more at the article.

Kuroda has also been referring to the uTokyo inflation measure, which is also indicating rising prices:

(ps. .... More from Kuroda crossing the wires:

  • Desirable for forex to move stably reflecting economic fundamentals
  • Weak yen has positive effects on exports but hurts household income, small-firms' profits