Japan's consumer inflation ticks up but still distant from BOJ's goal

By Leika Kihara TOKYO (Reuters) - Japan's core consumer prices rose 0.8 percent in January from a year earlier, remaining distant from the central bank's 2 percent target and reinforcing market expectations the country is nowhere near an exit from ultra-loose monetary policy. The increase in the core consumer price index (CPI), which includes oil products but excludes volatile fresh food costs, accelerated slightly from a 0.7 percent rise in December and matched a median market forecast, government data showed on Friday. The prices data underscores the fragile nature of Japan's economic recovery, as escalating Sino-U.S

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