Japan's Core CPI Expected to Fall Below BOJ's 2% Target

Japan's core Consumer Price Index (CPI) is anticipated to drop below the Bank of Japan's (BOJ) 2% target for the first time in nearly four years. According to Jin10, economists surveyed by data provider Quick predict that government data, set to be released on Tuesday, may show a 1.7% year-on-year increase in consumer prices excluding fresh food for February. This marks a decrease from January's 2.0% rise. The slowdown in inflation could provide the BOJ with additional time to consider its next tightening measures, as uncertainties in the Middle East continue to impact economic prospects.