Tokyo’s Consumer Prices Seen Posting Slower Growth in January: Poll

Tokyo’s Consumer Prices Seen Posting Slower Growth in January: Poll
People cross the street at a shopping district in Tokyo, Japan, on Sept. 8, 2016. Kim Kyung-Hoon/Reuters
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TOKYO—Consumer inflation in Tokyo will likely post slightly slower year-on-year growth in January, a Reuters poll showed, after the suspension of a government discount travel campaign in late 2020 led to a less favorable situation for price rises.

Still, core consumer prices in the capital city—widely considered a leading indicator of nationwide price trends—likely stayed in positive territory for a fifth consecutive month, even when stripping out the boost they got from 2020’s low comparison base brought about by discount travel offers.