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Japan's April core consumer inflation ticks up, BOJ's price goal stays distant
Japan’s core consumer prices rose 0.9 % in April from a year earlier, accelerating slightly from the previous month but remaining distant from the central bank’s 2% target, underscoring the challenges it faces in ending deflation. The data adds to worries for policymakers concerned about the damage escalating U.S.-China trade tensions could have on the export-reliant economy. The increase in the nationwide core consumer price index (CPI), which includes oil products but excludes fresh food prices, matched a median market forecast and followed a 0.8 percent gain in March. The so-called core-core CPI, which strips ... (full story)