Japan core inflation hits four year low during April
Japan's core inflation slowed to 1.4 percent in April as subsidies offset costs. The BOJ still signals a June rate hike to combat rising energy price risks.
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Japan core inflation slowed to 1.4% in April, marking a four-year low as government subsidies offset rising energy costs. The figure missed market forecasts of 1.7% and fell from 1.8% in March. Temporary cooling masks intensifying price pressures from Middle East developments.
### Energy Shocks Counteract Subsidy Cooling The 1.4% rise in the core consumer price index (CPI) was the slowest pace since March 2022. Education fees dropped 10.6%, which helped pull down service-sector inflation despite steady price increases for food and other household goods.
