Japan Tokyo core CPI cools below expectations in April
Updated
Updated · investinglive.com · May 2
Japan Tokyo core CPI cools below expectations in April
12 articles · Updated · investinglive.com · May 2
The index rose 1.5% year on year, missing a 1.8% forecast and down from 1.7%, while core-core inflation slowed to 1.9% from 2.3%.
Headline Tokyo CPI edged up to 1.5% from 1.4%, but free nursery education, energy subsidies and easing food inflation kept underlying price momentum weak.
The softer reading complicates the Bank of Japan's tightening path after its recent hawkish hold, prompting markets to trim near-term rate-hike expectations, with a June move only partly priced.
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