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Updated · 927thevan.com · Jun 25Tokyo Core CPI Rises 1.6% in June, Matching Estimates
3 articles · Updated · 927thevan.com · Jun 25Summary
- Tokyo's core consumer prices rose 1.6% in June from a year earlier, according to government data released Friday.
- The reading matched economists' median forecast of a 1.6% annual increase, signaling inflation in the capital came in as expected.
- The core CPI measure for Tokyo includes oil products but excludes fresh food prices, making it a closely watched gauge of underlying price trends.
Insights
With interest rates at 30-year highs, can Japan’s fragile economy escape the looming threat of stagflation? After spending billions to defend the yen, is Japan's central bank losing its battle against currency markets?