The pro-inflation policies adopted by Bank of Japan (BOJ) and the Japanese government are not yielding the desired results, the government data released today showed.
The inflation as measured by the core consumer price index (CPI) rose 0.4 percent in April from a year earlier, slowing from a 0.5 percent gain in March, signaling the BOJ’s 2 percent inflation target will likely remain elusive.
The data only adds credence to BOJ decision to exclude timeframe for hitting its price goal from its policy statement.
Further, the economy seems to have hit a plateau and that would only complicate matters further on inflation front.
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