Japan core inflation expected to slow for second month in January

Japan's core consumer inflation likely eased to 2.0 percent in January as gasoline and food prices cooled. The Bank of Japan remains hawkish despite the dip.

Insights:
Japan's nationwide core consumer price index likely rose 2.0% year-on-year in January, according to a Reuters poll of 17 economists released on February 13, 2026. This projected figure indicates an easing of inflationary pressures from the 2.4% increase recorded in December, marking a second straight month of decline for JP JPJP. The poll attributes this slowdown to a combination of falling costs in the energy sector (gasoline) and a deceleration of price hikes within the food sector.
A man shops for clothes at a market in Tokyo, Japan, on March 3, 2023. REUTERS/Androniki Christodoulou
A man shops for clothes at a market in Tokyo, Japan, on March 3, 2023. REUTERS/Androniki Christodoulou
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