Reported about 1 year ago
In Japan, inflation accelerated due to rising energy costs, reinforcing the argument for the central bank to consider raising interest rates. Consumer prices excluding fresh food rose 2.5% in May from a year ago, slightly below economists' expectations but in line with the Bank of Japan's 2% target. However, uncertainties remain about whether the recent inflation report alone is strong enough to prompt an immediate rate hike by the BOJ.
Source: YAHOO