Fukui sees strong chance of core CPI rising

Bank of Japan governor Toshihiko Fukui said in a speech on Thursday 22 December that there is a good chance that Japan's core consumer price index will increase steadily as the world's second-largest economy starts beating deflation.

'Nationwide core CPI, which has been moving in negative territory, was zero in October and I now believe that the chance is high that the index will rise and gradually be on an uptrend ahead,' Fukui said in the speech in Tokyo.

In particular, the BOJ chief said he