Japan’s April Core Consumer Inflation Ticks Up, BOJ’s Price Goal Stays Distant

www.oann.com | 1/23/2017 | Staff
joyy (Posted by) Level 3
TOKYO (Reuters) – Japan’s core consumer prices rose 0.9 % in April from a year earlier, accelerating slightly from the previous month but remaining distant from the central bank’s 2% target, underscoring the challenges it faces in ending deflation.

The data adds to worries for policymakers concerned about the damage escalating U.S.-China trade tensions could have on the export-reliant economy.

Increase - Core - Consumer - Price - Index

The increase in the nationwide core consumer price index (CPI), which includes oil products but excludes fresh food prices, matched a median market forecast and followed a 0.8 percent gain in March.

The so-called core-core CPI, which strips away the effects of volatile food and energy costs and is the main policy focus for the central bank, rose 0.6% in April, government data showed...
(Excerpt) Read more at: www.oann.com
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