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Japan’s Rainy Summer Messes With the BOJ’s Inflation Campaign

Households hit by high vegetable prices may cut back spending
People walk in strong wind and rain triggered by Typhoon Noru on Aug. 7, in Nagoya, Japan.  

People walk in strong wind and rain triggered by Typhoon Noru on Aug. 7, in Nagoya, Japan.  

Photographer: The Asahi Shimbun via Getty Images

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As one of Japan’s wettest summers in years comes to a close, it may mean higher prices for some fruit and vegetables -- which are excluded from the benchmark inflation index that the central bank is trying to nudge higher.

Some economists think that struggling households hit by rising food bills could respond by trimming spending in other areas, putting a temporary dampener on overall price growth.