(Bloomberg) -- Japan’s consumer inflation eased more than expected while staying above the Bank of Japan’s inflation target as authorities prepare to meet...
-- Japan ’s consumer inflation eased more than expected while staying above the Bank of Japan ’s inflation target as authorities prepare to meet next week.Consumer prices excluding fresh food rose 2.6% in March from a year ago, cooling from February’s 2.8% gain, the internal affairs ministry reported Friday. The reading compared with the consensus estimate of 2.7%. A deeper measure of inflation that strips out fresh food and energy prices cooled to 2.
While the BOJ is expected to stand pat at the Friday conclusion of its two-day meeting as it assesses the impact of its first rate increase in 17 years last month, the slowdown in price growth isn’t likely to dissuade authorities from increasing interest rates later this year. Some 41% of economists surveyed by Bloomberg expect that move to come in October, and a smaller group predicts it may happen sooner.
Among factors that are creating further upside risk for inflation in Japan are the weak yen and ballooning costs for oil and other commodities.Here's how users on Truth Social are feeling about Trump Media's steep stock decline
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