Indicators
Japan’s Inflation Slows for First Time Since April Ahead of BOJ
- Government subsidies for electricity and gas slow price gains
- Deeper price gauge stripping out energy slightly quickens
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Japan’s key inflation gauge slowed in September for the first time in five months, ahead of a central bank meeting later this month where the board is widely expected to keep the interest rate unchanged.
Consumer prices excluding fresh food rose 2.4% from a year earlier, decelerating from 2.8% in August as government utility subsidies softened the impact of ongoing inflation, according to the Ministry of Internal Affairs Friday. The result came in slightly stronger than the consensus estimate of 2.3%.