The increase in food prices in Japan over recent months might not be temporary and could affect citizens’ inflation expectations, the Bank of Japan governor has said.

Speaking to parliament today (February 12), Kazuo Ueda said the BoJ was “deeply aware” that food inflation was “negatively impacting people’s lives”.

“Rises in the prices of food, including fresh food, won’t necessarily be temporary and there’s the chance that this will impact people’s mindsets and price expectations,” the governor