Japan’s inflation slowed more than forecast in January, highlighting central bank chief Haruhiko Kuroda’s challenge in reflating the world’s third-biggest economy.
Consumer prices excluding fresh food rose 2.2 percent from a year earlier, the statistics bureau said Friday. That was less than the median projection of 2.3 percent. Stripped of the effect of sales-tax increase last April, core inflation — the Bank of Japan’s key measure — was 0.2 percent.
While the tumble in oil prices will pull down inflation in the near term, underlying consumer price trends remain on track for the BOJ’s 2 percent goal, Kuroda said last week. Economists at BNP Paribas SA and JPMorgan Chase & Co. see consumer prices falling in the coming months.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.