Reported 4 months ago
In Tokyo, inflation accelerated in May, with consumer prices excluding fresh food rising by 1.9%, largely due to utility costs related to renewable energy surcharges, matching economists’ expectations. The Tokyo inflation figures typically serve as a leading indicator for national trends, suggesting a similar acceleration nationwide. Despite weaker-than-expected industrial output in April, the Bank of Japan (BOJ) remains on track for a potential rate hike in the coming months, with the governor indicating a gradual increase in interest rates. The BOJ's next policy decision is set for June 14.
Source: YAHOO