Inflation & Prices
Japan Inflation Outpaces Forecasts Again as BOJ Prepares to Meet
- Gauge of underlying price trend at strongest since 1981
- Governor Kazuo Ueda holds first policy meeting next week
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Japan’s inflation continued to outpace expectations, adding to intense scrutiny over next week’s Bank of Japan policy meeting — the first under its new chief Kazuo Ueda.
Consumer prices excluding fresh food rose 3.1% in March from a year ago, matching the pace of the previous month, the internal affairs ministry said Friday. Economists had expected the inflation measure to ease to 3%.