Bloomberg
Published May 17, 2018 20:40
Updated May 17, 2018 23:46
Japan’s Inflation Slows for a Second Month in Blow to BOJ
(Bloomberg) -- The Bank of Japan’s key inflation gauge showed that price gains slowed for a second straight month in April, underscoring the central bank’s struggles to hit its 2 percent inflation target.
Key Takeaways
The latest fall in the BOJ’s key inflation gauge will likely heighten questions about the sustainability of its stimulus program, which is widely thought to be both at the limits of its powers and producing diminishing returns. Still, private economists are pushing back their forecasts for when the BOJ will begin tightening policy. Key factors going forward will be oil prices and the yen’s exchange rate.
Economist Views
(Adds details, economists’ comments.)
Written By: Bloomberg
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