BoJ's Masu: Fuel And Chemical Price Rises May Be One-Off But Could Feed More Broadly Into Inflation Via Distribution Costs

Middle East Conflict Risks Sustained Upward Pressure On Overall Prices - Government Cost-Of-Living Support Could Boost Demand And Add To Inflation - Recent 7% Producer Price Surge Warrants Attention; Pass-Through To Consumer Inflation Could Be Stronger Than In The Past - Food Price Inflation Likely To Reaccelerate And Could Be Key To Longer-Term Inflation Outlook - Weak Yen Has Greater Inflationary Impact Than Previously - Japan No Longer In Deflation; Real Interest Rates Should Move Out Of Negative Territory As Soon As Possible