![]() ![]() “A higher-base level and slowdown in energy costs will offset the rise in service prices and core-CPI will gradually decelerate to the 2% level.” “Inflation finally slowed in line with the BOJ’s expectation,” said Moe Nakahama, a research associate at Itochu Research Institute. The premier is now also mulling the size and content of his upcoming additional economic measures, after instructing the ruling party to put together a stimulus package focused on easing the impact from inflation and supporting wage growth. Prime Minister Fumio Kishida’s decision to extend and expand utility subsidies helped reduce the overall inflation figure by 0.9 percentage point. Economists had forecast a reading of 2.6%.īehind the steady slowdown is the impact from government subsidies. ![]() (Bloomberg) - Inflation in Tokyo slowed more than expected in September, offering support for the Bank of Japan’s view that prices are set to cool further, and thus ultra-easy policy needs to stay in place.Ĭonsumer prices excluding fresh food rose 2.5% in the capital, decelerating from 2.8% in August largely on the back of falling electricity and gas costs, according to the ministry of internal affairs Friday. ![]()
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