Japan's core CPI without fresh food rose 2.7% YoY in July, accelerating from 2.6% in June.
Japan's core consumer prices excluding fresh food rose 2.7% in July compared to a year earlier, accelerating from 2.6% in June. Bank of Japan Governor Kazuo Ueda may discuss further interest rate increases as inflationary pressures persist, affecting Prime Minister Fumio Kishida's support. However, underlying inflation weakened, dropping below the BoJ's 2% target, causing doubts about the central bank's hawkish outlook.
August 23, 2024
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