Bitcoin and yen hold steady as Japan's inflation eases and BOJ keeps interest rates unchanged

Source: CryptoNewsNet Original Title: Bitcoin and yen hold steady as Japan’s inflation eases and BOJ keeps interest rates unchanged Original Link: https://cryptonews.net/news/bitcoin/32323438/ Bitcoin BTC$89,422.03 and the Japanese yen, which have recently moved in near lockstep, traded steady on Friday after Japan reported its first inflation slowdown in four months and the Japanese central bank kept interest rates steady.

The headline consumer price index (CPI), which represents the cost of everyday stuff, slowed to a 2.1% year-on-year pace in December, marking a sharp drop from November’s 2.9%, the Ministry of Internal Affairs and Communications reported early Friday. The core inflation, which strips out fresh food prices, eased to 2.4% from 3% in November.

However, the underlying inflation remained sticky. The core-core inflation, which excludes fresh food and energy prices, edged down slightly to 2.9% in December from 3% in November. It shows that “aside from monthly fluctuations caused by energy subsidy programs, underlying price pressures remain persistent,” analysts at ING said.