Japan's annual core consumer price growth slows to 2.6% in March, maintaining inflation above the central bank's 2% target.

Japan's annual core consumer price growth is expected to slow to 2.6% in March after a 2.8% gain in February, as persistent cost-push pressures maintain inflation at or above the central bank's 2% target for two years. This is causing concern over the impact of import prices and stiffening cost-of-living pressures. Additionally, a recent Bank of Japan survey showed that Japanese households' inflation expectations rose to 83.3% for the coming year, up from 79.3% in the previous survey.

April 12, 2024
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