Japan's core consumer inflation slowed to near 2-1/2-year lows in September...
TOKYO - Japan’s core consumer inflation slowed to near 2-1/2-year lows in September, dragged down by sliding energy prices and raising the chance the central bank will top up its already massive monetary stimulus at its review this month.
Stubbornly subdued inflation underscored the challenge the BOJ faces in accelerating inflation to its elusive 2% goal at a time the world’s third-largest economy grapples with risks from a global slowdown and this month’s sales tax hike. The BOJ, under its current forecasts issued in July, expects core consumer inflation to hit 1.0% in the current fiscal year ending in March 2020 and fall short of its 2% target for the following two years.
It marked the slowest consumer inflation since April 2017, when the index rose 0.3%, the data showed. Prices of some 297 items rose but 168 items fell, while 58 others were unchanged. Governor Haruhiko Kuroda had said the move was among options the central bank would consider if it was to ease policy, despite concerns such a move could further hurt profits at financial institutions grappling with already thin margins.
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