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9th May 2022 00:10China+, Daily Monitor, Weekly Monitor

Japan’s Tokyo CPI broke through its 2% target, as widely expected, but policy won’t change.

Inflation driven by base effects, and food prices, is seen as unsustainable by the BoJ.

Imported inflation will be viewed in a similar light, so no change in the policy rate is on the horizon.

boj core goods core inflation cpi energy energy inflation food inflation food prices headline inflation May ministry of finance mof oil policy rate hike yen

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Keywords for: Above Target At Last, but the BoJ Still Won't be Satisfied

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