Tokyo Core Inflation Slows to 1.5 Percent in April
Tokyo core inflation slowed to 1.5% in April as government subsidies offset rising costs. Analysts expect a rebound soon amid high oil prices and a weak yen.
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Japan saw Tokyo's core CPI rise 1.5% in April, the slowest growth since March 2022 as government subsidies offset rising raw material costs. This result fell below the 1.8% market forecast and remains under the central bank's 2% target for three months. Investors are tracking whether a weak yen and energy shocks will force the Bank of Japan to hike rates.
Tokyo core inflation, which excludes fresh food, slowed from a 1.7% gain in March. Energy costs fell 4.6% year-on-year in April after a 7.5% drop the previous month.
