Reported 5 months ago
Japan's core inflation slowed for a second consecutive month in April, with the nationwide core consumer price index rising 2.2% year-on-year, down from 2.6% in March. The Bank of Japan is expected to remain cautious about further interest rate hikes due to fragile consumption levels, despite inflation comfortably exceeding the 2% target. Policymakers are looking for sustainable domestic demand to support price growth, especially in the face of weak consumption levels in April and May.
Source: YAHOO