Still waffling on and stating the bleeding obvious.
- Impact of energy prices likely to be smaller going forward
- BOJ buying of JGB’s likely to continue for some time
- This years wage event was a break through for upward revisions of inflation expectations
On the face of it, the drop in oil prices has come at a bad time for Japanese inflation watchers, though it’s better news for the economy. It’s times like this when watching the core numbers becomes more important
