Japan’s Inflation Spread to Biggest Share of Items Since 2001
- Proportion of items that saw price gains rose to 69.2% in May
- Still, the BOJ is unlikely to shift its position right now
A customer shops at a supermarket in Tokyo, Japan, on June 27.
Photographer: Kiyoshi Ota/BloombergThis article is for subscribers only.
Inflation in Japan is fast spreading to the largest share of items in two decades, as the Bank of Japan waits for wage growth to accompany a rise in prices.
The proportion of items that saw price gains in Japan’s core consumer price basket climbed to 69.2% last month, the most in data going back to January 2001, according to a release from the central bank published Tuesday.