Japanese Prime Minister Shinzo Abe praised the Bank of Japan’s ultra-loose monetary policy for helping create jobs, suggesting the government wasn’t unduly worried that inflation remains distant from the central bank’s two percent target.
Tokyo’s core consumer price inflation picked up slightly more than expected in January due to higher energy prices, but Japan’s central bank still has a long way to achieve its elusive two percent inflation target.
India house prices will rise at half the rate of consumer price inflation next year, hit by dwindling credit supply, according to a Reuters poll of housing market experts who said Delhi, the national capital, will be hit hardest.
China's factory-gate inflation slowed for the fourth month in October amid cooling domestic demand for raw materials and ebbing manufacturing activity, underscoring rising economic pressure in the face of simmering trade frictions with the United States.
Turkey’s central bank said it would adjust its monetary stance given “significant risks” to price stability, a rare move to calm financial markets after inflation surged to its highest in nearly a decade and a half on Monday.