Japan’s inflation in the capital city slowed for a sixth straight month in May, remaining below the Bank of Japan’s 2% target for a fourth consecutive month, as government subsidies for fuel, utilities and education helped soften the impact of rising global energy costs, Reuters reported.
The Tokyo core consumer price index (CPI), which excludes volatile fresh food prices and is considered a leading indicator of nationwide inflation trends, rose 1.3% year-on-year in May, slower than the 1.5% increase recorded in April and below market expectations of a similar 1.5% rise.
