BOJ Gov Kuroda concedes CPI may rise more in coming months, but likely then to slow

Earlier from Bank of Japan Governor Kuroda today:

• Bank of Japan Governor Kuroda says again Japan's core CPI likely to slow from next year

• Japan has yet to see inflation hit 2% in stable sustained manner

More now:

• Japan's consumer inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term is accelerating quite a bit
• CPI may rise further in the coming months but is likely to slow next fiscal year
• Japan's labour productivity rate is estimated at around 1% wages need to rise about 3% for inflation to hit our 2% target in a sustained, stable fashion

• more companies are passing on higher costs to consumers, though some smaller firms are struggling to do so

Kuroda has been repeating the same message regularly. For example, yesterday:

• BOJ Gov Kuroda says CPI will drop under 2% in 2023/24 fiscal year, cost-push declines

ps check out that link for a (further) link that explains cost-push inflation if you need it.

Bank of Japan Governor Kuroda