FILE PHOTO: A man walks past the Bank of Japan building in Tokyo, Japan March 18, 2024. REUTERS/Kim Kyung-Hoon/File PhotoTOKYO : The Bank of Japan's key measurements of underlying inflation in April all fell below its 2 per cent target for the first time since August 2022, data showed on Tuesday, heightening uncertainty on the timing of its next interest rate hike.
The trimmed mean index, which excludes the upper and lower tails of the price change distribution, rose 1.8 per cent in April from a year earlier, slowing from the previous month's 2.2 per cent, the data showed. The BOJ ended eight years of negative interest rates and other remnants of its radical monetary stimulus in March on the view that sustained achievement of its 2 per cent inflation target has come into sight.
Source: Loan Digest (loandigest.net)
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