By Megumi Fujikawa
Bank of Japan Gov. Kazuo Ueda said Friday that Japan’s inflation is easing slower than expected.
“The pace of price increases is expected to slow down toward the middle of this fiscal year,” which began in April, Ueda said at a news conference.
However, uncertainty remains high over whether inflation will stay above the BOJ’s projections or start falling sharply later this year, he said.
Japan’s overall consumer inflation has come down from its peak of 4.3% in January but was still at 3.5% in April.
Write to Megumi Fujikawa at megumi.fujikawa@wsj.com