BOJ Gov Kuroda concedes CPI may rise more in coming months, but likely then to slow

Earlier from Bank of Japan Governor Kuroda today:

• Bank of Japan Governor Kuroda says again Japan's core CPI likely to slow from next year

• Japan has yet to see inflation hit 2% in stable sustained manner

More now:

• Japan's consumer inflation is accelerating quite a bit
• CPI may rise further in the coming months but is likely to slow next fiscal year
• Japan's labour productivity rate is estimated at around 1% wages need to rise about 3% for inflation to hit our 2% target in a sustained, stable fashion

• more companies are passing on higher costs to consumers, though some smaller firms are struggling to do so

Kuroda has been repeating the same message regularly. For example, yesterday:

• BOJ Gov Kuroda says CPI will drop under 2% in 2023/24 fiscal year, cost-push declines

ps check out that link for a (further) link that explains cost-push inflation if you need it.

Bank of Japan Governor Kuroda