TOKYO - Core inflation in Japan's capital slowed below the central bank's 2 percent target to hit the lowest level in nearly two years, data showed on Friday, underscoring policymakers' view that cost-push pressures will continue to ease in coming months.
The focus shifts to whether wages will rise enough to underpin consumption and help Japan sustainably achieve the Bank of Japan's 2 percent inflation, which it describes as a prerequisite for phasing out its massive monetary stimulus, analysts say.
The core consumer price index (CPI) in Tokyo, a leading indicator of nationwide inflation trends, rose 1.6 percent in January from a year earlier, government data showed, slower tha...
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Inflation in Japan’s capital slips below central bank target