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TOKYO (Reuters) - Risks to Japan’s weak inflation outlook are skewed more to the upside, according to a majority of economists polled by Reuters, as rising commodity prices, a weak yen and supply shortages brought on by the global pandemic lift input costs.
FILE PHOTO: A shopper wearing a protective mask pushes a shopping cart at Japan's supermarket group Aeon's shopping mall as the mall reopens amid the coronavirus disease (COVID-19) outbreak, in Chiba, Japan, May 28, 2020. REUTERS/Kim Kyung-Hoon/File Photo
Some advanced nations have seen inflation tick up on pent-up demand, spurred by the re-opening of economies and a global increase in commodity prices.