Data showed on Friday that Japan’s core inflation accelerated in March as food costs continued to rise, which allowed the central bank’s mission to keep price pressures growing to remain risky to the economy by higher U.S. tariffs.
The data comes ahead of next week’s Japan Bank policy meeting, when the central bank will stabilize amid steep tariffs by U.S. President Donald Trump and cut its growth estimates.
Government data shows that the core consumer price index (CPI) that includes petroleum products but excludes fresh food prices rose 3.2%, showing a year ago that conforms to the median market forecast and grew from 3% in February.
Core inflation has now surpassed the shed’s 2% target for three consecutive years, indicating price increases as companies continue to pass rising raw materials and labor costs.
