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Kuroda says BOJ easing having intended effects & core CPI around 0%

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

One of the reasons that the Federal Reserve gets more attention is because their decision is largely binary: Either they hike or they don't.

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

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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