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Japan's inflation re-accelerates in June, stays above BOJ target
Japan's core consumer inflation re-accelerated in June and stayed above the central bank's 2% target for the 15th straight month, data showed on Friday, adding to recent signs of broadening price pressures. The data comes ahead of the Bank of Japan's closely watched policy meeting next week, when the board will produce fresh quarterly forecasts and debate whether conditions are falling into place to begin phasing out the bank's massive stimulus. The nationwide core consumer price index (CPI), which excludes fresh food costs, rose 3.3% in June from a year earlier, matching a median market forecast. It followed a 3.2% ... (full story)