Japan’s consumer inflation eased in February for a seventh straight month increasing expectations that the Bank of Japan (BOJ) will have to undertake further stimulus measures to achieve its price target.
The consumer price index (CPI) rose 2.0 percent in February from the year-ago period, government data showed on Friday, compared with Reuters’ forecast for a rise of 2.1 percent and down from a 2.2 percent rise in January.
Excluding the effects of the consumption sales tax hike in April, the nationwide consumer price index was flat in February after increasing 0.2 percent in January. That marks the first time since May 2013 that it stopped rising.
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