Core Inflation in Japan's Capital Slows Below BOJ's 2% Target in Test for Policy

Asia Intelligence Brief for Friday, February 27, 2026

What matters today 1 Tokyo core CPI falls to 1.8% YoY in February — below BOJ’s 2% target for first time since Oct 2024; Takaichi utility subsidies driving disinflation; BOJ rate hike case weakens as government simultaneously nominates two dovish board members; Nikkei hits all-time high at 58,850 2 PBOC scraps FX forward reserve ratio […]

Tokyo CPI Cools Below BOJ Target, Complicating Rate Hike Message

(Bloomberg) — A Tokyo inflation gauge eased to the slowest pace in more than a year as Prime Minister Sanae Takaichi’s utility subsidies curbed household energy costs, posing a communication challenge for the Bank of Japan as it looks to proceed with interest rate hikes.

Tokyo CPI Cools Below BOJ’s Target for First Time Since 2024

Core inflation in Japan's capital slows below BOJ's 2% target in test for policy

Annual core inflation in Tokyo slowed in February, running below the Bank of Japan's 2% target for the first time in 16 months, data showed on Friday, potentially heightening friction between the central bank and the government on the future path of rate hikes.

Subsidy effect pulls Tokyo core CPI down to 1.8%, but underlying inflation firms - ActionForex

Inflation in Tokyo eased further in February, with core CPI (ex-fresh food) falling to 1.8% yoy from 2.0% yoy. While slightly above market expectations of 1.7% yoy, the reading marks the third straight monthly slowdown and the lowest level since October 2024, slipping back under the BoJ’s 2% target. The primary driver was a sharp […] The post Subsidy effect pulls Tokyo core CPI down to 1.8%, but underlying inflation firms appeared first on Actio…

Japan Tokyo Consumer Price Index (YoY): 1.6% (February) vs 1.5%

Japan Tokyo Consumer Price Index (YoY): 1.6% (February) vs 1.5%