Core consumer prices in Japan rose 4.2 percent in January from a year earlier, the fastest pace since 1981, due to higher energy and food prices. Excluding volatile fresh food items, the core consumer price index was above the Bank of Japan\’s 2 percent inflation target for the 10th straight month. The impact of further hikes in food prices expected in February is expected to be offset by reduced electricity and gas prices due to the government\’s decision to subsidize utility bills for consumers. The Bank of Japan has maintained its monetary easing policy due to the inflation target not yet being achieved in a \”stable and sustainable fashion\”. Follow my Facebook group to keep up to date on the latest news on Japan\’s inflation rate and the Bank of Japan\’s monetary policy.
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