Japan inflation edges up but slowdown seen, keeps BOJ under pressure

May 1, 2015 1:11 AM

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TOKYO (Reuters) – Japan’s core consumer inflation edged up slightly in March as oil costs stabilised but analysts expect prices to slide in coming months, keeping alive expectations that the central bank will expand monetary stimulus later this year.

However, the Bank of Japan will be pleased by separate data showing the jobless rate fell and household spending rose in March from the previous month, which supports its view that rising wages will gradually lift consumption and keep the economy on a moderate recovery path.

Also read: U.S. Consumer Spending Rises at More Moderate Pace, Incomes Jump

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