TOKYO — Nearly a decade after the central bank set its 2% inflation target, Japan on Friday finally hit its target. But rather than celebrate, the event has raised concerns about the impact of high energy and raw materials costs on a struggling economy.
Government data showed that overall consumer prices in April rose 2.5% from a year earlier. This is the first time since September 2008, inflation has reached 2%, excluding the impact of the sales tax increase. This is also the fastest increase since 1991.
https://www.wsj.com/articles/japan-inflation-tops-2-for-first-time-in-13-years-11653016374?mod=pls_whats_news_us_business_f The Inflation Japan Wanted Is Finally Here, but Not for the Right Reasons