Inflation in Japan slowed down in February to 0.7%

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Consumer prices in Japan, not taking into account fresh food, rose in February by 0.7% in annual terms, according to official data. For the Bank of Japan, this inflation rate is the main one. In the previous month, it increased by 0.8%, and economists did not expect a change in its dynamics in February. Inflation, which does not take into account the cost of food and energy, remained at the level of January - 0.4%. The overall inflation rate in the country was at the level of 0.2%, unchanged compared with January. Despite the criticism of the Bank of Japan’s preservation of the inflation target of 2%, the head of the Japanese Central Bank, Haruhiko Kuroda, said it was unchanged.

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