•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 - Bloomberg headlines (full story)