The pro-inflation policies adopted by Bank of Japan (BOJ) and the Japanese government are not yielding the desired results, the government data released today showed.
The inflation as measured by the core consumer price index (CPI) rose 0.4 percent in April from a year earlier, slowing from a 0.5 percent gain in March, signaling the BOJ's 2 percent inflation target will likely remain elusive.
The data only adds credence to BOJ decision to exclude timeframe for hitting its price goal from its policy statement.
Further, the economy seems to have hit a plateau and that would only complicate matters further on inflation front.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.