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 target, keeping alive expectations that policymakers will phase out ultra-easy monetary policy.
The data will be among a host of indicators the Bank of Japan will scrutinise at its two-day policy meeting ending on Oct. 31, when it produces fresh quarterly growth and price
Prices of food and daily necessities continued to rise but at a slower pace than in August, a sign that cost-push pressures were easing. "There's strong uncertainty on the expected pace of declines in inflation," he said, adding that core inflation may not fall below 2% until the latter half of 2024. An upgrade to its inflation forecasts alone won't prod the BOJ to phase out stimulus as policymakers are focusing more on whether wages will rise enough to underpin consumption, said two sources familiar with its thinking.on Thursday, some BOJ regional branch managers said consumers are becoming more sensitive to price hikes and buying less items at supermarkets.
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