Indeed,
the broader inflation trends shown in Friday's data confirm recent signs of a more sure - footed recovery in the world's second - biggest economy, allowing authorities to resist any fresh monetary easing as they move to curb an unsustainable build up of credit in the financial system.
Not exact matches
The index, which the BOJ scrutinises in gauging the
broad price
trend, showed annual consumer
inflation slowed to 1.1 % in January from 1.3 % in December.
«Recent declines in
inflation are not solely «idiosyncratic,» but also reflect
broader trends that are likely to persist,» says Ellen Zentner, Morgan Stanley's Chief U.S. Economist.