Now Reading:

Japan's inflation ticks up


Japan's inflation ticks up

Government data has revealed inflation in Japan rose for the first time in almost a year in March. The figures show a 0.2 percent growth in the core consumer price index which remains well below the Bank of Japan’s target of 2 percent.

The news comes a day after the central bank left its monetary policy unchanged though gave several hints it could consider more easing later in the year. Data from the country’s jobs market show the unemployment rate fell to 3.4 percent.

Sparking inflation is a key part of Prime Minister Shinzo Abe’s strategy to revitalize the Japanese economy by getting companies and consumers to spend more of their cash.