Japan Core Inflation Slows to Four-Year Low as Weak Price Momentum Challenges BoJ Hawks

Japan’s underlying inflation slowed sharply in April, creating increasingly difficult conditions for the Bank of Japan to justify near-term rate hikes despite recent hawkish rhetoric from several policymakers. CPI core, excluding fresh food, eased from 1.8% yoy to 1.4% yoy, well below expectations of 1.7% yoy and marking the slowest pace since March 2022. Headline […]

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