BoJ policymakers eye hopeful signs for inflation
Policy remains on hold as inflation shows some signs of greater strength
Policymakers at the Bank of Japan were able to point to some more hopeful signals coming from inflation today (March 9) as they voted to keep policy measures on hold.
The year-on-year change in the CPI is still well below the 2% target, but the “all items” CPI measure was up to 1.4% in January and the “all items less fresh food” at 0.9%. Inflation is likely to continue towards 2%, mainly due to improvements in the output gap and rising medium- to long-term inflation expectations, the policy
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