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Weak Yen Impact on Japan’s Inflation Limited, Price Expert Says

  • Meiji Gakuin’s Sasaki sees yen pushing up inflation by 0.4 ppt
  • Says current price growth showing more signs of sustainability
Akidai Supermarket As Inflation Stays Above BOJ's Target Level
Photographer: Kiyoshi Ota/Bloomberg

The recent sharp weakening of the yen has only had a limited impact on Japan’s key price gauge, according to a researcher of currencies and prices.

Since the yen began its precipitous fall against the dollar in March, it has only pushed up core inflation by about 0.4 percentage point, according to Yuri Sasaki, an economics professor at Meiji Gakuin University in Tokyo.