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

© Reuters. FILE PHOTO: Bank of Japan (BOJ) new policy board members Goushi Kataoka attends a news conference at BOJ headquarters in Tokyo, Japan July 25, 2017. REUTERS/Issei Kato

TOKYO (Reuters) – Japan’s consumer inflation may briefly exceed 1.5% but likely will not gain momentum to sustainably head toward the central bank’s 2% target, Bank of Japan board member Goushi Kataoka said on Thursday.

In a speech, Kataoka also said risks to the economic outlook were skewed to the downside, because of the fallout from the crisis in Ukraine and the lingering impact of the COVID-19 pandemic.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.