Inflation & Prices
Japan’s Inflation Quickens Again, Putting Pressure on BOJ View
- BOJ may have to revise up its price outlook in July meeting
- Underlying inflation also quickens to fastest pace since 1981
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Japan’s inflation re-accelerated in April after cooling earlier in the year, likely supporting views that the central bank may have to revise its price outlook, bringing the Bank of Japan a step closer to policy normalization.
Consumer prices excluding fresh food rose 3.4% from a year ago, quickening from the previous month driven by gains in processed food and hotel prices, the internal affairs ministry reported Friday. The result came in line with analyst forecasts.