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Tokyo Inflation Slows, Bolstering BOJ Case for Standing Pat

  • Stagnating hotel prices robbed the index of a key contributor
  • Energy continued to rise but not enough to offset the drag
Updated on

Momentum in Tokyo inflation weakened in January for the first time since April, slipping more than analysts expected and bolstering the Bank of Japan’s case for continued stimulus. 

Consumer prices in the capital, excluding those for fresh food, rose 0.2%, slowing from December’s 0.5% gain, the ministry of internal affairs reported Friday. Economists had forecast a 0.3% pace for the leading indicator of national price trends.