Core inflation in Tokyo stays below BOJ target for third month
Mădălin Mihai
TOKYO, May 1 : Annual core inflation in Tokyo hit 1.5 per cent in April, data showed on Friday, staying below the central bank's target for a third straight month as fuel subsidies offset rising raw material costs from the Middle East conflict. Analysts expect consumer inflation to re-accelerate in the coming months as surging oil prices and higher import prices from a weak yen keep the Bank of Japan (BOJ) under pressure to raise interest rates. The increase in the Tokyo core consumer price
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