Economics
Japan's Inflation Creeps Up Again, Fueled by Energy Prices
- Most items outside fuel and food showing little movement
- Kuroda’s inflation view seen as attempt to prod expectations
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Japan’s most closely watched gauge of inflation edged up again in September with the help of costlier energy to tally with Governor Haruhiko Kuroda’s latest view that consumer prices are rising at about half the pace targeted by the central bank.
While Kuroda has taken a more bullish view on the current strength in inflation, economists said the latest data offered little beyond the gains in energy and food prices to suggest that inflation can make major progress in the near term.