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HomeEconomyTokyo core inflation likely doubled BOJ's 2% target in January: Reuters poll

Tokyo core inflation likely doubled BOJ's 2% target in January: Reuters poll

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Author: Komiya Kantaro TOKYO (Reuters) – Japan’s consumer prices likely rose more than twice the central bank’s target in January, a Reuters poll of leading indicators showed on Friday. Another 40-year high.

Inflation data from the world’s third-largest economy has received unusual attention amid expectations for a policy shift from the Bank of Japan. s (BoJ) ultra-loose monetary policy. according toeconomist.

This would mark the eighth month of accelerating price gains and the fastest year-over-year gain since April’s 4.2% gain 19.

Shinichiro Kobayashi, Chief Economist, Bank of Mitsubishi UFJ (NYSE: 200MUF G

) research and Advisory, referring to fiscal measures to curb household inflation.

Tokyo’s core CPI, released three to four weeks ahead of national inflation data, showed a downwardly revised 3.9% gain in December.

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