Consumer prices in Japan rose 0.4 per cent in June from a year earlier, in the first increase in 14 months, the Government said on Friday.
The core consumer price index, which excludes fresh food, stood at 100.0 against a base of 100 for 2010, the Ministry of Internal Affairs and Communications said.
Bank of Japan Governor Haruhiko Kuroda, who took office in March, decided to take aggressive monetary easing measures to pull the world-third largest economy out of deflation, which has plagued the country for more than a decade. He vowed to achieve an inflation target of 2 per cent within about 2 years.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.