TOKYO : Japan's consumer inflation could briefly approach the central bank's elusive 2per cent target as geo-political risks push up energy costs, a central banker said on Thursday, in a sign of the broadening fallout from the crisis in Ukraine.
"Even if that happens, what's important is to scrutinise the factors and whether Japan's economic fundamentals are strong enough to make such price rises sustainable," she said. More firms appear to be passing on higher raw material and labour costs to consumers, Nakagawa said, adding the BOJ must be mindful of the risk the pass-on could speed up more than initially expected.
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