Japan's inflation stays above BOJ goal, key index hits four-decade high
The data may keep alive market expectations that the Bank of Japan could phase out later this year a massive stimulus programme that has drawn public criticism for distorting bond markets and crushing financial institutions' margins.
The core consumer price index , which excludes volatile fresh food, but includes energy costs, rose 3.1% in March from a year earlier, government data showed on Friday, matching a median market forecast. The year-on-year rise in the so-called "core core" index was the fastest since December 1981, when Japan was experiencing an asset-inflated bubble economy.
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