Japan's annual core consumer inflation slowed in February as gasoline costs...
TOKYO - Japan’s annual core consumer inflation slowed in February as gasoline costs fell for the first time in more than two years, keeping the central bank under pressure to maintain, or even ramp up, stimulus to accelerate price growth to its 2 percent target.
If the weakness persists, the Bank of Japan may be forced to cut its inflation forecasts again at next month’s rate review, analysts say, though policymakers are wary of expanding an already massive stimulus program any time soon. “As overseas economies begin to weaken, it’s hard to project inflation hitting the BOJ’s 2 percent target,” said Takeshi Minami, chief economist at Norinchukin Research Institute.
The BOJ faces a dilemma. Years of heavy money printing have dried up market liquidity and hurt commercial banks’ profits, stoking concerns over the rising risks of prolonged easing.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pound pauses after UK vote on delay; yen ticks up on BOJ, North KoreaThe British pound paused for breath on Friday but stayed on course for its bigge...
Read more »
BOJ policymakers disagree on next policy move as risks mountBank of Japan policymakers disagreed on how quickly the central bank should ramp...
Read more »
BOJ keeps policy steady, cuts view on exports and outputThe Bank of Japan kept monetary policy steady on Friday and offered a bleaker as...
Read more »
Japan's exports slump again on weak external demand, puts BOJ on noticeJapan's exports fell for a third month in February in a sign of growing str...
Read more »
Japan court hands Mt. Gox founder 2.5 years suspended sentenceTokyo court hands founder of the now-defunct Mt. Gox bitcoin currency exchange a 2.5-year suspended sentence for his role in the loss of hundreds of millions of dollars worth of bitcoins and cash, Kyodo news agency reports.
Read more »
Japan firms see prolonged Sino-U.S. trade war, China slowdown to persist: Reuters pollThree in four Japanese companies expect U.S.-China trade frictions to last until...
Read more »
On Japan Sea coast, small firm shows scars of China's economic woesIn snow country along Japan's northern coast, a small manufacturer of preci...
Read more »
Superfan Yamada dies with unfulfilled Tokyo 2020 dreamSuperfan Naotoshi Yamada, famous in Japan for having been to every Summer Games ...
Read more »
Brazil waives visas for visitors from U.S., Canada, Australia, JapanThe Brazilian government on Monday waived visa requirements for visitors from th...
Read more »