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Japan’s Weighted Median Inflation Index, a crucial measure reflecting the country’s trend inflation, experienced its slowest pace of growth in 11 months, rising to 1.3% in March, as revealed by the latest data published by the Bank of Japan (BoJ) on Tuesday.
This uptick in the weighted median inflation rate comes after a 1.4% increase recorded in February, according to the BoJ data.
BoJ Governor Kazuo Ueda addressed the policy outlook earlier on Tuesday, emphasizing, “Our basic stance is that we will assess movements in trend inflation to achieve our price goal and adopt a data-dependent approach in determining policy.”
