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Clock Ticking for BOJ’s Kuroda as Inflation Stalls

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Consumer prices in Japan were unchanged from a year earlier in July, underscoring the struggle the Bank of Japan (BOJ) faces in achieving its 2 percent inflation target and building the case for additional monetary stimulus.

The core consumer price index (CPI), which excludes volatile prices of fresh food but includes prices of oil products, was flat in July from the year-ago period, government data showed on Friday, compared with Reuters’ forecast for a drop of 0.2 percent and down from a 0.1 percent rise in June.

The core Tokyo CPI for August, considered a leading indicator, dipped 0.1 percent on year, unchanged from the previous month and a touch better than predictions for a 0.2 percent fall.

CNBC

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Craig Erlam

Craig Erlam

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary.

His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News.

Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
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