Inflation in Tokyo slowed in May, an outcome that offers support for the Bank of Japan’s view that price gains will slow toward the autumn, though policymakers and economists remain at odds over the strength of trend.
Consumer prices excluding fresh food climbed 3.2% in the capital in May, slowing from the previous month, according to the ministry of internal affairs Friday. The reading was weaker than economists’ forecast of a 3.4% gain.
Read More : Tokyo Inflation Decelerates, Aligning with BOJ’s Current Price Outlook