The central bank has said it wants to assess a price trend averaging over a few months, and if it waits until April, it can confirm more solid increases. That will back up the bank's case that they expect consumer prices to show stable gains.
More Quotes from Naokizuka :
The economy is on a recovery trend, which was partly behind a historical election victory for Koizumi. This victory will make it easier for him to push forward needed reforms.Naokizuka
Japan's inflation won't accelerate this year to the level which would force the Bank of Japan to raise rates. Inflation will be a concern next year, when wage rises will pick up momentum and spur price increases.
Naokizuka
The unemployment figure shows that the period of stalled economic recovery that we saw in the middle of last year is ending, and that the number of people who are finding work is starting to pick up.
Naokizuka
Japan is in the final stage of overcoming deflation as confirmed by today's core price numbers, and they will achieve stable gains in the first quarter. The chance that the bank will take action in April is growing.
Naokizuka
The main reason behind a rise in unemployment is a rise in the number of people who voluntarily quit jobs to find better positions as income and job market conditions improve.
Naokizuka
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