Key facts
- Japan's recalculated inflation data for January-March shows a 0.1 percentage point decrease in consumer price index growth.
- This revision means Japan has undershot the Bank of Japan's 2% inflation target for six consecutive months.
- The revision was based on a new formula for calculating the consumer price index.
Japan released recalculated monthly inflation data on Friday, which reduced consumer price index growth by 0.1 percentage point between January and March. This revision extends the period of undershooting the Bank of Japan's 2% inflation target to six months. The data was released by the Statistics Bureau. The Bank of Japan uses core inflation indicators to analyze underlying inflation rates, often excluding factors like changes in consumption tax rates, free education policies, and measures to reduce energy costs.