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Japan's inflation increased
Tokyo
Consumer Price Index rose 1.3% in April. It is the same increase as in the previous
month. Tokyo CPI excluding fresh food climbed 2.7% in April from 1.0% in March.
The rise of CPI did not meet the expectations. Analysts forecasted the increase
of 2.7%.
National
Consumer Price Index improved from the previous month. The index climbed 1.6%
in March (February: 1.5%). National CPI excluding fresh food did not meet the
expectations. The index was up 1.3%, expected the rise of 1.4%.
Investors
think that the Japan’s inflation will decline later this year. If it actually
happens, the Bank of Japan could trigger new easing action. But the Bank of
Japan Governor Haruhiko Kuroda is convinced Japan’s inflation is on a path to
reach the target of 2.0%.
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