Japan inflation edges higher but central bank still in a bind
Over the past year, policymakers have had to contend with a slowdown in global demand as the Sino-U.S. tariff war put a dent on world trade and hit Japanese exporters. This has made the Bank of Japan's task of generating inflation even more difficult.
An index the BOJ focuses on - the so-called core-core CPI that strips away the effect of both volatile food and energy costs - rose 0.4% in March, matching the annual increase in February. Subdued inflation has left the BOJ well behind its counterparts in dialling back stimulus, including the United States where monetary policy had a bigger impact. Some economists also argue the BOJ has little ammunition left to fight another serious economic downturn.
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