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"There is now greater hope that increases in inflation above the 3% mark will be avoided, but the situation remains uncertain and renewed surges in energy prices could push inflation up again," said David Kern, chief economist at the British Chambers of Commerce (BCC).
Lower the interest rate to push inflation up".
Higher utility prices would probably still push inflation up to 5 percent this year, they warned.
In the quest to rid Japan of deflation, Mr Kuroda promised whatever it took to push inflation up to 2%.
"If the Fed's really trying to push inflation up, maybe you don't want to bet against them," Mr. Mellman said.
But set against this are possible risks that could push inflation up, notably the longer-term impact of higher energy prices.The evidence so far is encouraging.
Similar(43)
Meanwhile, dearer oil has pushed inflation up, prompting the central bank to raise interest rates repeatedly.
But others may opt to monetise their debt, pushing inflation up.
Excess demand would have pushed inflation up to nearly 5% and it would have stayed high over the past three years.
But the commodity boom has started to have a less desirable effect: soaring food and fuel prices are pushing inflation up across the region.
The government thinks its target of 9% average annual growth in the next five years can be achieved without pushing inflation up.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com