Abe adviser Hamada: BOJ needs to change their gauge of inflation

Abe adviser Hamada says the BOJ needs to switch its main inflation gauge

• Says the core-core CPI is more appropriate

(i.e that would exclude food and energy ... at present the BOJ includes energy prices in their main inflation gauge)

• Bank of Japan could change timefrome for target to about 3 years

Hamada in an interveiw, headlines courtesy of Bloomberg

-

Hmmm ... I wonder if this guy has seen the core compared to the core-core recently? We get the CPI data out of Japan tomorrow, BTW