TOKYO : A leading indicator of Japanese consumer prices likely rose in January at more than twice the speed of the central bank's target, hitting another four-decade-high, a Reuters poll showed on Friday.
The core consumer price index in Tokyo was seen rising 4.2 per cent in January from a year earlier, according to the median estimate of 19 economists. "Inflation likely stayed elevated in January since the effect of the stimulus package, which depresses energy prices, will not fully kick-in until February," said Shinichiro Kobayashi, principal economist at Mitsubishi UFJ Research and Consulting, referring to fiscal measures to curb household inflation.
Source: News Formal (newsformal.com)
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