Japan's core CPI rose 2.8% year-on-year in February, rising for 30 consecutive months. Data show that rising food and accommodation prices are the main reason for the rise in CPI.
The Bank of Japan decided to end its negative interest rate policy on the 19th of this month and raised the policy interest rate from minus 0.1% to a range of 0 to0.1%. The government's policy of suppressing electricity and city gas bills has been in effect for one year, but its effects have weakened.