Japan’s Inflation Stays Elevated After Easing From Two-Year High

Japan’s key price measure cooled a tad more than expected while remaining well above the Bank of Japan’s target, keeping pressure on Prime Minister Shigeru Ishiba to mollify voters as he heads into Sunday’s national election.

Consumer prices excluding fresh food rose 3.3% from a year earlier in June, slowing from a 3.7% gain — a two-year high — in the previous month, the Ministry of Internal Affairs and Communications reported Friday.