TOKYO: Japan's core consumer prices rose 0.5 per cent in December from a year earlier, increasing for a second month in a row at the fastest pace in nearly two years in a sign of broadening inflationary pressures from rising fuel and raw material costs.
But the central bank will face the challenge of taming market speculation of an early exit from ultra-easy policy as some analysts expect one-off factors to push up consumer inflation to near 2 per cent in coming months. The BOJ raised its price forecasts on Tuesday but said it was in no rush to change its ultra-loose policy on the view the recent cost-push inflation will provide transitory.
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