Japan inflation unchanged in February before sales-tax rise
Bareksa • 28 Mar 2014
Customers shop for dried sweet potatoes at a market in the Ueno district of Tokyo, Japan (Bloomberg/Kiyoshi Ota)
The BOJ may eventually be persuaded to take action to boost the inflation numbers
Bloomberg - Japan’s inflation rate matched forecasts in February ahead of a sales-tax increase next week that could challenge the Bank of Japan’s effort to stoke 2 percent price gains.
Consumer prices excluding fresh food rose 1.3 percent from a year earlier, the statistics bureau said today in Tokyo, matching the median estimate of 30 economists surveyed by Bloomberg News on the BOJ’s key inflation gauge.