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MNI BRIEF: BOJ's Uchida: Core CPI Around 2% In Or After April

(MNI) Tokyo
TOKYO (MNI)

Japan’s core consumer price index is expected around 2% in or after April due to higher energy and food costs, and the fading impact of lower mobile phone charges, Shinichi Uchida, the Bank of Japan’s executive director in charge of monetary policy said on Tuesday.

Uchida told lawmakers that the core inflation rate is likely to increase clearly into positive territory, but indicated that such a price move would not lead to an easy policy change, see: MNI INSIGHT: BOJ Needs To Set The Stage For A JGB Band Review.

MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com
MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com

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