Inflation in Japan's capital slows in July, stays above BOJ target
newscatcher
2023-07-28 01:31
Inflation in Japan's capital slows in July, stays above BOJ target
People shop daily necessities at a market in Tokyo, Japan March 3, 2023. REUTERS/Androniki Christodoulou/File photo TOKYO  – Core inflation in Japan's capital slowed in July but remained well above the central bank's 2 percent target, data showed on Friday, keeping pressure on policymakers to dial back ultra-loose monetary policy. The data for Tokyo, which is seen as a leading indicator of nationwide trends, comes ahead of the Bank of Japan's closely watched policy decision due later in the day.

https://business.inquirer.net/412702/inflation-in-japans-capital-slows-in-july-stays-above-boj-target

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