Japan's core consumer inflation slowed in February but an index stripping away energy costs hit a four-decade high, data showed on Friday, suggesting cost-push pressures may persist longer than policymakers thought.
With inflation still exceeding the Bank of Japan's 2% target, the data will keep alive market expectations of a near-term tweak to its bond yield control policy, analysts say.
Highlighting the lingering cost-push pressure, a separate index that strips away both fresh food and fuel costs rose 3.5% in February from a year earlier, accelerating from a 3.2% gain in January. The recent market rout caused by the failure of two U.S. banks, and the takeover of Credit Suisse, also complicates the BOJ's policy path by adding to risks for Japan's economy.
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