PostThe statement was blunt about why: there is "a risk that it will deviate upward to a level above the price stability tar…

The statement was blunt about why: there is "a risk that it will deviate upward to a level above the price stability target of 2 percent," with firms now shifting toward raising wages and prices and long-term expectations climbing. Japan's core gauge has been above 2% for a fourth straight year and analysts see 3% by early next year. So, the country that spent thirty years praying for inflation has finally received it, in full.