Tokyo. 27 Oct. INTERFAX – a Key measure of inflation in Japan, tracked by the Central Bank of the country, consumer prices excluding fresh food in September 2017, unchanged compared with August and amounted to 0.7% in annual terms, according to the Ministry of internal Affairs and communications.
The figure was in line with market expectations. Its value is maximum in March 2015, but lags far behind the target the Bank of Japan’s 2%.
Experts say that the main factor that restrained the rise in consumer prices in the U.S. last month was a drop in the price of mobile services. This factor is offset by effects from a weak yen and rising energy prices.
At the same time, consumer prices excluding food and energy September rose 0.2% and the overall rate of inflation in Japan was 0.7%.
Both indicators coincided with the August figures, and with the expectations of experts.
It is noted that next week will be a meeting of the Bank of Japan and weak growth in consumer prices indicate that current monetary policy will continue at least until the middle of next year.