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MNI INSIGHT: Japan Apr CPI Above 2%, But BOJ Easy Policy Stays

(MNI) Tokyo
TOKYO (MNI)

Cost-push prices and the end of a lower cost comparison base for mobile phone charges will keep CPI above 2%.

A weak economy and limited wage hikes will keep the Bank of Japan focused on easy policy even as a flatter base comparison for mobile phone charges in consumer prices will add to already stubborn cost-push prices to keep headline inflation above 2% , MNI understands.

Bank officials, including Governor Haruhiko Kuroda this month before parliament, have been steadfast on the need to keep the minus/plus 0.25% yield curve control in place and the overall easy policy stance in the face of weaker economic growth and what are termed transitory price gains not consistent with sustained 2% inflation, See: MNI INSIGHT:Weak Q2 GDP Would Reinforce BOJ Easy Policy Stance.

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A weak economy and limited wage hikes will keep the Bank of Japan focused on easy policy even as a flatter base comparison for mobile phone charges in consumer prices will add to already stubborn cost-push prices to keep headline inflation above 2% , MNI understands.

Bank officials, including Governor Haruhiko Kuroda this month before parliament, have been steadfast on the need to keep the minus/plus 0.25% yield curve control in place and the overall easy policy stance in the face of weaker economic growth and what are termed transitory price gains not consistent with sustained 2% inflation, See: MNI INSIGHT:Weak Q2 GDP Would Reinforce BOJ Easy Policy Stance.

Keep reading...Show less