Inflation in Japan's capital slows slightly in May, but remains elevated

Inflation in Japan's capital slows slightly in May, but remains elevated

From nasdaq.com

Core consumer inflation in Japan's capital, Tokyo, rose 3.2% in May from a year earlier, government data showed on Friday, slowing from the previous month's increase but remaining well above the central bank's 2% target. The stubbornly high inflation in Tokyo, which is seen as a leading indicator of nationwide trends, may keep alive market expectations of a gradual withdrawal of ultra-loose monetary policy later this year. The rise in the Tokyo core consumer price index (CPI), which excludes volatile fresh food but includes fuel costs, compared with a median market forecast for a 3.3% gain and followed a 3.5% ... (full story)

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