Economics
Japan’s Slower Inflation Offers BOJ Support For Stimulus Stance
- Key consumer prices edge up just 0.2% as hotel fees stabilize
- Feeble price pulse may cool BOJ policy speculation for now
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Japan’s key inflation measure weakened last month, offering support for the Bank of Japan’s view that price growth is still too feeble to consider pulling back its stimulus measures.
Growth in consumer prices excluding fresh food slowed to 0.2% in January from a year earlier, compared with 0.5% in the previous month, according to the ministry of internal affairs Friday.