Economics

Japan Inflation Hits 2-Year Low as BOJ Faces Pressure to Act

Don’t See Possibility of BOJ Reaching 2% Inflation Target, Say Professor Shirai

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By Yoshiaki Nohara

July 18, 2019 at 11:34 PM UTC

Updated on

July 19, 2019 at 12:34 AM UTC

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Japan’s key inflation gauge fell again in June, adding to pressure on the Bank of Japan to join its global peers in increasing monetary stimulus.

Consumer prices excluding fresh food rose by 0.6% in June from a year earlier, which matched economists’ median estimate, data from the internal affairs ministry showed Friday. That was the lowest reading since July 2017.