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Officially spurred inflation could turn around, bite Japan in 2015: economists

Various factors including higher wage expectations are set to put accelerating upward pressure on prices
Monday, December 22, 2014 - 05:50
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Japan slid back into recession in the third quarter of this year but that was due to a hike in the national sales tax in April. Economists say growth should pick up again in 2015 now that a second tax hike has been postponed.

Tokyo

IF Bank of Japan (BOJ) governor Haruhiko Kuroda has a New Year wish, it would likely be for the central bank to get closer to its 2 per cent annual inflation target in 2015. But while that remains top priority for now, some officials within the bank are beginning to acknowledge the

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