Reported 5 months ago
Japan's inflation has cooled for a second consecutive month but remains above the Bank of Japan's target, with consumer prices excluding fresh food rising by 2.2% in April. The yen's recent depreciation has raised concerns about cost-push inflationary pressures. The BOJ is waiting for wage gains to kick in, as the biggest umbrella group for unions secured pledges for wage increases exceeding 5% from large companies. Despite the inflation data, the BOJ is expected to continue rolling back its easy policy settings and is hopeful that wage gains will stimulate spending and prices.
Source: YAHOO