But the rate at which prices, measured in the central bank's corporate goods price index
, have been rising has slowed in recent months, and a BOJ official warned of possible ''downward'' pressure that may be seen in the meantime amid concerns over global economies.
The corporate goods price index
, an inflation gauge to which the People's Bank of China (PBOC) pays close attention, suggested price pressures in the pipeline are still building up.
-- Bank of Japan to release Corporate Goods Price Index
for January at 8:50 a.m.
In December alone, the prices, measured in the central bank's corporate goods price index
, advanced 1.3 percent from a year earlier for the 15th straight monthly increase, according to the BOJ.
The rate of increase in the prices, measured in the central bank's corporate goods price index
, continued to expand, but a BOJ official said other price data need to be looked at to judge whether Japan is overcoming its longstanding deflation.
The reading of the central bank's corporate goods price index
compares with the average forecast of a 1.9 percent rise among economists surveyed by Kyodo News.