March 26, 2015 / 11:44 PM / 4 years ago

Japan February core CPI flat year on year excluding tax hike effect

Pedestrians walk past a show window of a clothing store at Harajuku shopping district in Tokyo February 28, 2014. REUTERS/Yuya Shino

TOKYO (Reuters) - Japan’s core consumer price index was flat in February compared with a year earlier when excluding the effect of last April’s sales tax hike, government data showed on Friday, the first time since May 2013 that it has stopped rising.

The data could keep the Bank of Japan under pressure to ease monetary policy further with inflation moving further away from the central bank’s 2 percent target.

Reporting by Leika Kihara; Editing by Chris Gallagher & Shri Navaratnam

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