Japan's core inflation cools in June as expected, easing from 29-month high
JAPAN, JUL 17 – Core inflation fell to 3.3% in June as food price pressures eased, especially rice prices that surged due to poor 2023 harvests, the Bank of Japan reported.
- Japan's core inflation cooled to 3.3% in June, easing from a 29-month high of 3.7% as food inflation showed signs of easing.
- Japan's first-quarter gross domestic product declined for the first time in a year, falling 0.2% quarter over quarter in the three months ended March as exports fell sharply.
- Rice prices, which have seen their fastest rate of increase in over half a century in May, saw a slight easing to a 100.2% increase year over year, compared to the 101.7% jump in May.
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18 Articles
Japan’s Core Inflation Slows but Stays above BOJ Target, Keeps Hike Bets Alive
TOKYO (Reuters) — Japan’s core inflation slowed in June but stayed above the central bank’s 2% target for well over three years, highlighting lingering price pressures that back market expectations for further interest rate rises.
Japan's Inflation Stays Elevated After Easing From Two-Year High
(Bloomberg) — Japan’s key price measure cooled a tad more than expected while remaining well above the Bank of Japan’s target, keeping pressure on Prime Minister Shigeru Ishiba to mollify voters as he heads into Sunday’s national election.
Japan’s Inflation Stays Elevated After Easing From Two-Year High
Japan’s key price measure cooled a tad more than expected while remaining well above the Bank of Japan’s target, keeping pressure on Prime Minister Shigeru Ishiba to mollify voters as he heads into Sunday’s national election.
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