TOKYO - The pace of Japanese inflation slowed in April to 2.2 percent as gas bills fell, government data showed on Friday, with the figure remaining above the Bank of Japan's (BoJ) 2-percent target.
TOKYO - The pace of Japan ese inflation slowed in April to 2.2 percent as gas bills fell, government data showed on Friday, with the figure remaining above the Bank of Japan 's 2-percent target.The consumer price index, excluding volatile fresh food prices, eased from a 2.6-percent year-on-year rise in prices logged in March by the internal affairs ministry.
4 economy, and targeting sustainable inflation of 2 percent.In March, in part thanks to meeting this inflation target, the BoJ hiked borrowing cost rates for the first time since 2007 and scrapped the world's last negative interest rate.Other major central banks including the Federal Reserve in the United States have much higher interest rates, and the wide differential has added pressure on the yen.Stripping out both fresh food and energy, prices rose 2.
Inflation Slows To 2.2% In April
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