Japan’s inflation will likely slow to around 1.5% next year when stripping away the effect of one-off factors, a government spokesperson said on Monday, calling on the central bank to work towards achieving its 2% inflation target.
The remarks came amid simmering market speculation that creeping inflation and robust wage growth will prod the Bank of Japan (BOJ) to tweak its yield control policy at a two-day rate review ending on Friday.
Read More : Japan’s Government Predicts Slower Inflation in the Coming Year, Calls for BOJ Coordination