Japan's underlying inflation probably edged higher in March, driven by rising energy prices, according to a Reuters survey
Japan's Core Inflation Rises Amid Higher Energy Prices
According to a Reuters survey released on Friday, Japan experienced a modest increase in core consumer inflation during March, largely attributed to rising energy expenses—a direct consequence of ongoing tensions in the Middle East. The nationwide core consumer price index (CPI), which factors in energy costs but excludes fresh food, is projected to reach 1.8% year-on-year for March, based on responses from 16 economists.
This uptick represents a slight improvement over February's 1.6% rate, yet it still falls short of the Bank of Japan's 2% inflation target for the second month in a row. Experts anticipate further developments in the coming months.
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