TOKYO: Japanese inflation slowed in January, government data showed Friday, in welcome news for Japanese Prime Minister Sanae Takaichi after her recent election landslide win.
Excluding fresh food, “core” consumer prices rose 2.0 percent year-on-year, down from a 2.4 percent increase in December and in line with market expectations of 2.0 percent.
Also stripping out energy prices, inflation mellowed by more than expected to 2.6 percent from 2.9 percent in January, compared to the median economist forecast of 2.7 percent.