TOKYO : Japan's core consumer prices in May rose 3.2 per cent from a year earlier, data showed on Friday, slowing from the previous month but staying above the central bank's 2 per cent target for the 14th straight month.The reading casts doubt on the Bank of Japan's view that the recent cost-push inflati
TOKYO : Japan's core consumer prices in May rose 3.2 per cent from a year earlier, data showed on Friday, slowing from the previous month but staying above the central bank's 2 per cent target for the 14th straight month.
The increase in the nationwide core consumer price index , which excludes fresh food but includes energy items, slightly exceeded a median market forecast for a 3.1 per cent rise. It was slower than a 3.4 per cent gain in April. With inflation having stayed above its target for a year, markets are simmering with speculation the BOJ will soon start to phase out its stimulus, which critics say is distorting markets and hurting financial institutions' profits.
Ueda has also said core consumer inflation will slow back below 2 per cent toward the middle of this fiscal year, though sustained price rises have put that view into some doubt.
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