Tokyo Prices Rising Most in Two Years Keeps BOJ on Hike Path

Soaring rice prices are stirring political trouble in Japan – history shows this often leads to a change of government

Japan’s agriculture minister, Taku Etō, resigned on May 21 just six months into his term, following a public backlash to his joke that he never buys rice because supporters give it to him for free. Gaffes are by no means uncommon in Japanese politics. Controversial remarks by one former prime minister, Tarō Asō, were routinely followed by retractions – and the ruling Liberal Democratic party (LDP) even distributed a gaffe-prevention manual to it…

Core consumer prices in Tokyo rise at fastest pace in over 2 years

Core consumer prices in Tokyo climbed 3.6 percent in May from a year earlier, rising at the fastest pace in over two years, official data showed Friday, as the cost of rice remained on a sharp upward trajectory. The rise in Tokyo's core consumer price index, excluding volatile fresh food…

Tokyo Core Consumer Prices Up 3.6％ in May

TOKYO (Jiji Press) — The core consumer price index for Tokyo’s densely populated 23 special wards in May climbed 3.6% from a year earlier, up for the 45th consecutive month and logging the biggest rise since a 4.3% increase marked in January 2023.

Tokyo prices rising most in two years keeps BOJ on hike path

The food price gains are a worrisome sign for Prime Minister Shigeru Ishiba ahead of a summer election expected to be held by July.

Tokyo Prices Rising Most in Two Years Keeps BOJ on Hike Path

(Bloomberg) — Prices in Tokyo jumped the most in two years on surging food costs, keeping the Bank of Japan on track for another rate hike in coming months.

Core inflation in Japan capital hits 3.6%, keeps BOJ rate-hike chance alive

By Leika Kihara TOKYO (Reuters) -Core inflation in Japan’s capital hit 3.6% in the year to May, data showed on Friday, marking a more than two-year high in a sign persistent rises in food costs will keep the central bank under pressure to hike interest rates further. Factory activity is stalling with separate data showing industrial output fell in April, highlighting the dilemma the Bank of Japan faces in balancing mounting inflationary pressure…