Japan inflation slows to 3.1% in February FMTNews FMTBusiness
The Bank of Japan views the recent price increases as temporary and sees no reason to change its monetary policy.
It is the first deceleration in over a year, marking a fall from January, when prices jumped 4.2% on-year – the highest level since September 1981, fuelled in part by higher energy bills. The 3.1% rise is above the Bank of Japan’s longstanding 2% target, which has been surpassed every month since April last year.
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