Reported 10 months 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