Core inflation in Japan's capital slows below BOJ's 2% target in test for policy - Reuters
Core inflation in Japan's capital slows below BOJ's 2% target in test for policy Reuters
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Notable Quotes
"I don't think this result alone would affect the Bank of Japan's stance of keeping to its commitment to raise interest rates."
— Kanako Nakamura , Academic
"If, going forward, the BOJ were to step back from its rate-hike stance, it would be easier to explain that shift not as pressure from the government but as a change in judgment strictly driven by data, namely, weakness in GDP and CPI."
— Masato Koike , Academic
Key People
Kanako Nakamura is an economist at Daiwa Institute of Research.
Kazuo Ueda is the governor of the Bank of Japan.
Masato Koike is a senior economist at Sompo Institute Plus.
Prime Minister of Japan re-elected by Parliament.
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<a href="https://news.google.com/rss/articles/CBMixgFBVV95cUxPOF9ZTENtWkRHLXdVNG5hWkdsamlwWlNRZkdVRU9NZEFNdWUwcFU0UGcyTkQxbmhrQ28tYzJKNFBjUUpyQl9CUmRXS0Z3RHl2eTZRN2RFNjRwRFh5aUMtaTNoeS0zR3BtTXhGRFpkRFhZOHBCWTFKNkZ3UWJVTXZkVUxNVDB1aWY4c1A4SDhDUC1oVzQwNVBUdXNiRXE2R3pZOENCcnlLbXpaX2VqYXVNTDdWWmZMRThYU3pSalM3YU8zWWhrZnc?oc=5" target="_blank">Core inflation in Japan's capital slows below BOJ's 2% target in test for policy</a> <font color="#6f6f6f">Reuters</font>
Annual core inflation in Tokyo slowed to 1.8% in February, falling below the Bank of Japan's 2% target for the first time since October 2024, potentially complicating the central bank's communication on future rate hikes.
Annual core inflation in Tokyo eased to 1.8% in February, below the Bank of Japan's 2% target, raising questions about the central bank's future rate hike plans.
Consumer prices in Tokyo rose 1.8% in February, the smallest gain since October 2024, indicating a cooling in Japan's price growth and posing challenges for the Bank of Japan's rate hike strategy.
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