Japan™s inflation rate
slowed more than forecast in December, adding to central bank chief
Haruhiko Kuroda™s challenges in reflating the world™s third-biggest
economy.
Consumer prices
excluding fresh food rose 2.5 percent from a year earlier, the
statistics bureau said Friday in Tokyo. That was less than the median
projection of 2.6 percent in a Bloomberg News survey of economists.
Stripped of the effect of sales-tax increase last April, core inflation
-- the Bank of Japan™s key measure -- was 0.5 percent.
The slide in oil could
cause inflation to slow in coming months before helping boost growth
and stoking price pressures in the longer term, Kuroda said last week
after the Bank of Japan lowered its forecast for the year from April.
The BOJ will adjust its monetary stimulus to keep inflation headed
toward its 2 percent goal if expectations for price gains among
companies and consumers deteriorate, Kuroda said.
Source : Bloomberg
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