TOKYO : Core consumer inflation in Japan's capital, Tokyo, rose 3.2 per cent 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 per cent target.The stubbornly high inflation in Tokyo, which is seen as a lea
TOKYO : Core consumer inflation in Japan's capital, Tokyo, rose 3.2 per cent 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 per cent target.
The rise in the Tokyo core consumer price index , which excludes volatile fresh food but includes fuel costs, compared with a median market forecast for a 3.3 per cent gain and followed a 3.5 per cent increase in April. Japan's economy is finally recovering from the scars of the COVID-19 pandemic, though risks of a global slowdown and rising food prices hang over the outlook for exports and consumption.
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