Japan's core consumer inflation hit a fresh 41-year high in January as companies passed on higher costs to households, data showed on Friday, keeping the central bank under pressure to phase out its massive stimulus programme.
"Inflation will probably peak in January but may not fall back below the BOJ's 2% target for some time," said Yoshimasa Maruyama, chief economist at SMBC Nikko Securities.
Incoming Governor Kazuo Ueda faces a challenge in sustaining the BOJ's yield control policy, which has come under attack by markets betting strong inflation will force the bank to raise interest rates.
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