Japan’s consumer prices rose 3.3 percent year-on-year in June, with the pace of inflation accelerating from the 3.2 percent recorded in May, government data showed Friday.
The latest data — which matched market expectations — comes ahead of the Bank of Japan’s monetary policy meeting next week.
Market watchers expect the central bank will keep its super-loose monetary easing stance.
Stripping out fresh food and energy, Japan’s prices rose 4.2 percent, data published by the internal affairs ministry showed.
Inflation in Japan has been less extreme than price hikes seen in other countries such as the United States, which have been fuelled by the war in Ukraine and supply-chain disruptions.—AFP
