Japan's May consumer inflation tops BOJ target for 2nd straight month

Quick Summary

TOKYO : Japan's annual core consumer inflation topped the central bank's target for a second straight month in May, data showed on Friday, highlighting the intensifying pressure on the country's fragile economy from soaring global raw material costs.

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FILE PHOTO: A man looks at a shop at the Ameyoko shopping district in Tokyo, Japan, May 20, 2022.

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Article Details

Category: Business

Topics: Consumer Inflation Data Target Costs Core Japan Year Cent Food Bank

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-24, 07:34:28

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Reading Time: 3 minutes read

Article Length: 365 words

Coverage Area: Singapore

Availability: Desktop Web, Mobile Web

News ID: 6649

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About Channel News Asia

Main Topics: Business

Official Website: channelnewsasia.com

Update Frequency: 8 posts per day

Year Established: 1999

Headquarters: Singapore

Last Updated: 4h ago

Coverage Areas: Singapore

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Publication Timezone: GMT +8:00

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