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MNI BRIEF: BOJ's Kuroda Sees Core CPI Below 2% In Mid-FY23

(MNI) Tokyo
(MNI) Tokyo

Bank of Japan Governor Haruhiko Kuroda on Monday repeated his view that the year-on-year rise in the core Consumer Price Index would fall below 2% around the middle of next fiscal year.

Kuroda told lawmakers that Japan’s core CPI rose 4% y/y in December but the rise was due mainly to the pass-through of higher costs caused by the rise of import prices, though the year-on-year rise of import prices was easing.

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Bank of Japan Governor Haruhiko Kuroda on Monday repeated his view that the year-on-year rise in the core Consumer Price Index would fall below 2% around the middle of next fiscal year.

Kuroda told lawmakers that Japan’s core CPI rose 4% y/y in December but the rise was due mainly to the pass-through of higher costs caused by the rise of import prices, though the year-on-year rise of import prices was easing.

Keep reading...Show less