Japan’s government expects the CPI to track around 1.5% in Fiscal year 2024

govt spokesperson:

  • hope BOJ coordinate with govt on economic policy,
    take steps based on understanding agreed upon between govt-BOJ joint
  • we
    will do our utmost to ensure japan achieves positive wage, inflation
  • specific
    monetary policy up to BOJ to decide
  • when
    excluding one-off factors from govt utility subsidies, govt expects
    Japan’s consumer inflation to move around 1.5% in fiscal 2024

On Friday we had CPI data from Japan showing all 3 main measures remain above the BOJ 2% target:

The government spokesman here is on board with the ‘transitory’ opinion.

This article was written by Eamonn Sheridan at www.forexlive.com. Source