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Japan inflation may perk up but lacks momentum, says BOJ’s Kataoka -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – Goushi Kataoka, a new member of the Bank of Japan’s policy committee attends a press conference held at Tokyo, Japan BOJ Headquarters on July 25, 2017. REUTERS/Issei Kato

TOKYO (Reuters), Japan’s consumer inflation may be temporarily above 1.5%, but it will likely not sustainably rise to the central bank’s 2% target. Goushikataoka, a Bank of Japan board member, stated this on Thursday.

Kataoka said in speech that risks to economic outlook are skewed towards the downside due to fallout from Ukraine crisis and the residual effects of COVID-19 pandemic.

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