Japan Consumer Inflation Eases In May, Keeps Pressure On BOJ
Japan’s core consumer inflation eased slightly in May when excluding the effect of a sales tax hike, and is seen slowing in coming months as the boost from a weak yen fade, keeping the central bank under pressure to maintain its massive stimulus. The nationwide core consumer price index, which includes oil products but exclude volatile fresh food costs, rose 3.4 percent in the year to May.
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