Japan Inflation Slows to 2% in January - News.com.au. In January the consumer price index stood at 2%, following 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. Unlike the main central banks who have raised interest rates - and could soon start reducing them again - BoJ has maintained its accommodative policy, putting pressure on the yen.