Japan CPI core eased to 3.1% in Jul, but core-core back at four decade high

Japan’s core CPI, which excludes fresh food, eased slightly from 3.3% yoy in June to 3.1% yoy in July, aligning with market expectations. Notably, this metric continued its streak above BoJ’s 2% inflation target for a commendable 16 consecutive months. Diving deeper, core-core CPI, which subtracts both fresh food and energy, inched higher to 4.3% […]

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