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Tokyo Inflation Halts 10-Month Drop Amid Virus Restrictions

From bnnbloomberg.ca

Tokyo consumer prices were flat in June, halting a 10-month slide even as business restrictions remained in place to contain the coronavirus. Prices in the capital excluding fresh food were unchanged from a year earlier, the ministry of internal affairs reported Friday. Analysts had forecast a 0.1% drop. Key Insights The data add to signs that downward pressures on Japan’s overall prices are moderating as commodity and energy costs rebound from last year’s pandemic crash. Gasoline prices are even more important to national price trends because people outside the capital tend to drive more. Still, Japan’s situation ... (full story)

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  • Category: Fundamental Analysis