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Tokyo Inflation Slows in May

Tokyo inflation slowed in May, core CPI at 1.3%. Bank of Japan to maintain cautious tightening approach.

Isabella Martinez
ByIsabella Martinez- Senior Editor
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Tokyo consumer inflation eased in May, official data showed on Friday. The core CPI, excluding fresh food, rose 1.3% year-on-year, slowing from 1.5% in April and matching forecasts.

A broader index stripping out both fresh food and energy was flat month-on-month. Headline CPI increased 1.4% year-on-year, down from 1.5%.

The data, a leading indicator for national trends, comes as the Bank of Japan is expected to raise rates to 1% from 0.75%, but policymakers remain cautious.

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