Japan Inflation Slows to 2% in January - Breaking News. In January the consumer price index stood at 2%, and follows the 2.3% increase recorded in December.
The last time the index was below the BoJ's 2% inflation target was in March 2022, when prices rose 0.8% year-on-year. In the last three months of 2023, the Japanese economy surprisingly entered a technical recession, in the face of domestic consumption that continues to remain weak.