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Japan Inflation February 2018

Japan: Core inflation ticks up in February

In February, the core consumer price index rose 0.1% compared to the previous month in seasonally-adjusted terms, down slightly from January’s 0.2% increase.

Both core inflation and overall inflation accelerated to their highest respective rates in nearly three years in February. Core inflation, matching market expectations, ticked up to 1.0% in February, while overall inflation accelerated to 1.5%.

Although the overall inflation rate crept closer to the Bank of Japan’s 2.0% target in February, so far this year a strengthening yen’s moderating effect on prices has helped ensure it remains underwhelming. Until overall inflation approaches that target rate, the Bank is widely expected to continue maintaining its ultra-accommodative monetary policy stance.

Japan Inflation Forecast

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