Japan¡¯s core inflation in September slowed below the 3% threshold for the first time in over a year but stayed above the central bank¡¯s target, keeping alive expectations that policymakers will phase out ultraeasy monetary policy.
The data will be among indicators the Bank of Japan will scrutinize at its two-day policy meeting ending on Oct. 31, when it will produce fresh quarterly growth and price forecasts.
¡°While inflation weakened in September, we think inflation will only fall below the BOJ¡¯s 2% target by the end of next year,¡± said Marcel Thieliant, head of Asia-Pacific at Capital Economics.
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