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Japanese Inflation Continues Rising But 2% Target Is Still Far Off

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Japanese Inflation Rising Slower Than BOJ Would Like
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Japan’s key price gauge rose at the same pace in December as in November, underscoring challenges for the Bank of Japan as it attempts to get faster inflation toward its 2 percent target.

With inflation still not even halfway to the bank’s target, the continued weakness supports the view that the BOJ will keep its stimulus program unchanged. Even so, nearly half of 43 economists surveyed by Bloomberg are expecting a policy tightening this year.