UBS economist Masamichi Adachi had said ahead of the data release that he expected lower inflation in February"due to a discount on energy price with the government's subsidies", which were announced in October and came into effect this year. FILE PHOTO
It is the first deceleration in over a year, marking a fall from January, when prices jumped 4.2 percent on-year -- the highest level since September 1981, fuelled in part by higher energy bills. The 3.1 percent rise is above the Bank of Japan's longstanding two-percent target, which has been surpassed every month since April last year.
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