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Tokyo Inflation Slowdown Won’t Knock the BOJ Off Rate Hike Path

Friday, 29 March 2024 08:58 WIB Ekonomi Jepang Inflasi Tokyo Core CPI y/y

Consumer price growth in Tokyo moderated while staying well above the central bank’s inflation target, keeping authorities on track to consider more interest increases after they hiked earlier this month for the first time since 2007. Prices excluding fresh food rose 2.4% in March in the capital, slowing slightly from 2.5% in February, the ministry of internal affairs said Friday. The reading matched economists’ estimates.  Tokyo’s figures serve as a leading indicator of the national data to be announced April 19. The consumer inflation data for Japan’s capital come little more than a week after the BOJ closed the door on its negative interest rate while pledging to...

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