Japan CPI Slows More Than Forecast in Challenge to BOJ
This article is for subscribers only.
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.