Inflation in Japan's capital falls below BOJ target, slows for 2nd month

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Inflation in Japan's capital falls below BOJ target, slows for 2nd month
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Two youths charged with second degree murder | SaltWire #newsupdate #halifax #police #newstodayTOKYO - Core inflation in Japan's capital slowed for a second month in April to fall below the central bank's 2% target, data showed on Friday, complicating its decision on how soon to raise interest rates.

A separate index that excludes the effect of both fresh food and fuel costs, viewed as a broader price trend indicator, also showed inflation slowing to 1.8% in April from 2.9% in March. It was the slowest pace of increase since September 2022, when the index rose 1.7% year-on-year.

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