Inflation & Prices
Tokyo Inflation Regains Momentum as BOJ Mulls Price Forecasts
- Unexpected acceleration points to underlying price strength
- Labor market figures weaken in discouraging sign for wages
Inflation in Tokyo is a leading indicator of the nationwide trend.
Photographer: Noriko Hayashi/BloombergThis article is for subscribers only.
Inflation in Tokyo unexpectedly gained renewed upward momentum, pointing to a stronger-than-thought underlying price trend as the Bank of Japan prepares to release its latest inflation projections at Kazuo Ueda’s first monetary policy meeting as governor.
Consumer prices excluding fresh food rose 3.5% in the capital in April, picking up speed from 3.2% in the previous month as processed food prices continued to strengthen, according to the ministry of internal affairs Friday. Economists had expected the reading to match its pace in March, after two months of slowing down.