Tokyo March Core CPI Rises 1.7% Remaining Below BOJ Target
Tokyo core consumer prices rose 1.7% in March as fuel subsidies offset higher costs. The rate stayed below the central bank target for a second straight month.
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Core consumer prices in Tokyo, Japan, rose 1.7% in March compared to the previous year. This mark represents the second consecutive month that inflation has remained below the 2% target set by the Bank of Japan. Government fuel subsidies largely offset the rising costs associated with a weak yen during this period.
