Economics
Fastest Tokyo Inflation in Decades Complicates BOJ’s Messaging
- Prices in capital rise 1.9% as energy impact becomes clearer
- BOJ sticking with stimulus as other central banks raise rates
A customer picks up food at a store in Tokyo earlier in April.
Photographer: Akio Kon/BloombergThis article is for subscribers only.
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The cost of living in Tokyo rose at the fastest pace in almost three decades in April, as the impact of soaring energy prices became clearer, an outcome that complicates the Bank of Japan’s messaging on inflation and the need for continued stimulus.