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Stan Rogers Folk Festival 2024: 27 years of music and community | SaltWire #festival #music #nsTOKYO - Core consumer prices in Japan's capital rose 1.9% in May from a year earlier, data showed on Friday, accelerating from the previous month and keeping alive market expectations the central bank will raise interest rates this year.
A separate index that excludes the effect of both fresh food and fuel costs, closely watched by the BOJ as a broader price trend indicator, rose 1.7% in May from a year earlier after a 1.8% gain in the previous month, the data showed. BOJ Governor Kazuo Ueda has said the central bank will raise interest rates from current near-zero levels if underlying inflation, which takes into account CPI and broader price gauges, accelerates toward 2% as it currently projects.
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