Economics
Japan's March Inflation Dip Doesn't Signal Reversal of Trend
- Underlying price pressures remain intact as demand picks up
- Some economists see core inflation anchored at 1% this year
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While Japan’s key price gauge ticked down in March, the inflation trend remains intact as Bank of Japan Governor Haruhiko Kuroda begins his second term.
Consumer prices excluding fresh food rose 0.9 percent in March from a year earlier, versus a 1 percent rise in February. The result was expected by economists surveyed by Bloomberg.