Inflation & Prices
Japan Inflation Hits 4% to Keep BOJ Pivot Speculation Smoldering
- Prices gain the most since 1981 led by energy, processed food
- BOJ still sees inflation cooling below 2% in next two years
A shopper inside a department store in Tokyo.
Photographer: Noriko Hayashi/BloombergThis article is for subscribers only.
Japan’s inflation hit 4% for the first time in more than four decades, an outcome likely to keep speculation of a monetary policy change smoldering as prices grow at twice the pace targeted by the Bank of Japan.
Consumer prices excluding fresh food rose 4% in December from a year ago, the internal affairs ministry reported Friday.