The data will likely keep alive market expectations that the Bank of Japan will soon end its yield control policy and allow interest rates to rise more, analysts say. The increase in the core consumer price index , which excludes volatile fresh food but includes oil costs, matched a median market forecast and followed a 3.7% annual gain seen in November. The annual rise in core CPI thus exceeded the BOJ’s 2% target for a ninth straight month.
“Companies aren’t that cautious about raising prices any more. We might see inflation stay above the BOJ’s 2% target well into autumn this year,” he said. Core-core CPI, which strips away both fresh food and energy costs, was 3.0% higher in December than a year earlier, accelerating from a 2.8% gain seen in November.
Japan’s inflation is at a 41 year high, yet still not as high as the United States—-thanks to the failed policies and reckless spending by dotard .JoeBiden.
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