Reported 4 months ago
In April, the Bank of Japan's key measures of underlying inflation all fell below their 2% target for the first time since August 2022. The weighted median inflation rate rose 1.1%, the trimmed mean index rose 1.8%, and the third index measuring inflation rate with the highest density rose 1.6%. This data raises uncertainty on the timing of the next interest rate hike, casting doubt on the BOJ's view of sustained achievement of the 2% inflation target.
Source: YAHOO