Japan's core inflation was steady in August and stayed above the central bank's 2% target for a 17th straight month, data showed on Friday, a sign of broadening price pressure that could heighten the case for an exit from ultra-easy monetary policy. The data comes hours before the Bank of Japan (BOJ) concludes its two-day policy meeting that began on Thursday. While the BOJ is widely expected to keep ultra-easy monetary settings unchanged, markets are focusing on any hints from Governor Kazuo Ueda on how soon it could phase out stimulus.
TOKYO - Japan's core inflation was steady in August and stayed above the central bank's 2% target for a 17th straight month, data showed on Friday, a sign of broadening price pressure that could heighten the case for an exit from ultra-easy monetary policy.
While the BOJ is widely expected to keep ultra-easy monetary settings unchanged, markets are focusing on any hints from Governor Kazuo Ueda on how soon it could phase out stimulus.
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