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Inflation & Prices

Japan’s Inflation Getting Harder for Kuroda to Explain Away

  • Economists see core price growth speeding up to 2.4% in July
  • BOJ still seen holding firm on rock-bottom rates for now
Haruhiko Kuroda
Haruhiko KurodaPhotographer: Jun Hirata/Kyodo News/Bloomberg

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Japan’s inflation likely accelerated another notch beyond the central bank’s target level in July to further complicate Governor Haruhiko Kuroda’s message that rock-bottom rates must stay in place to support stable price growth.