Japan's core inflation is seen slowing for a sixth month in January while factory output is expected to rise, underlining the policy challenge facing the Bank of Japan as it strives to speed up economic growth and achieve its 2 percent price target. Stripping out the effects of a sale tax hike, the nation's core consumer price index (CPI) - excluding volatile fresh food but includes oil products - is forecast to have increased 0.3 percent year-on-year last month, a Reuters poll showed. Hit by tumbling oil prices, that inflation number is not even quarter of the way toward meeting the BOJ's goal. "Core CPI has been on the decline and there is a high possibility sharp falls in oil prices further push down consumer inflation toward the middle of this year," said Naoki Iizuka, economist at Citigroup Global Markets Japan.
via Business News http://ift.tt/17iQkZ2
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