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Japan's government expects the CPI to track around 1.5% in Fiscal year 2024
Japan govt spokesperson: • Hope BOJ coordinate with govt on economic policy, take steps based on understanding agreed upon between govt-BOJ joint statement. • We will do our utmost to ensure japan achieves positive wage, inflation cycle specific monetary policy up to BOJ to decide. • When excluding one-off factors from govt utility subsidies, govt expects Japan's consumer inflation to move around 1.5% in fiscal 2024. On Friday we had CPI data from Japan showing all 3 main measures remain above the BOJ 2% target: ForexLive Asia-Pacific FX news wrap: Japan’s June CPI rates remained elevated above target The ... (full story)