Economics

Slower Japan Inflation Highlights BOJ’s Reflation Task: Economy

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By Toru Fujioka

July 25, 2014 at 4:28 AM UTC

This article is for subscribers only.

Japan’s inflation slowed in June, highlighting the task Bank of Japan Governor Haruhiko Kuroda faces in reaching the bank’s target.

Consumer prices excluding fresh food rose 3.3 percent from a year earlier after a 3.4 percent gain in May, the statistics bureau said today in Tokyo. The increase matched the projection in a Bloomberg News survey of 32 economists.