Inflation in Tokyo slowed more than expected in February, influenced by government subsidies aimed at reducing energy costs, according to data from the Ministry of Internal Affairs.
Consumer prices, excluding fresh food, rose by 2.2% compared to a year earlier, slightly below the 2.3% forecast but still above the BOJ’s 2% target. core inflation, which excludes both fresh food and energy, held steady at 1.9%, indicating stable underlying price growth.More on the data here:
Tokyo’s inflation rate has been lower than the national average due to local education subsidies. In contrast, nationwide inflation reached 3.2% in January, reinforcing expectations that the BOJ will continue to scale back its monetary easing policies. The central bank projects inflation will remain at or above its 2% target through March 2027.
Economists anticipate the next rate hike could come as soon as the BOJ’s May 1 meeting, though most expect officials to wait until summer.
More from Japan earlier:
BoJ dep gov Uchida says Bank will taper JGB purchases despite yield movesBoJ's Uchida says Japan's economy on a moderate recovery path - some weak spotsJapan January preliminary industrial output-1.1% m/m (vs. expected -1.2%)Japan January retail sales +3.9% y/y (expected +4.0%) This article was written by Eamonn Sheridan at www.forexlive.com.Hence then, the article about tokyo inflation slows recap was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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