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

The Star Business LogoThe Star Business1w ago

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

Quick Summary

BOJ Governor Haruhiko Kuroda has repeatedly said the central bank will keep monetary policy ultra-loose until robust domestic demand and strong wage growth become key drivers of inflation.

It stayed above the BOJ's 2% target for a second straight month, following a 2.1% rise in April.

The core-core CPI, which strips away both volatile food and fuel costs, was up 0.8% in May from a year earlier after climbing by the same pace in April.


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Article Details

Author / Journalist: The Star Online

Category: Economy

Topics: /Business/Business News NoJ Japan Kuroda ASEAN Inflation Economy Economy

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-24, 08:17:00

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Reading Time: 2 minutes read

Article Length: 254 words

Coverage Area: Malaysia

Availability: Desktop Web, Mobile Web

News ID: 6681

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About The Star Business

The Star Business Logo

Main Topics: Economy

Official Website: thestar.com.my

Update Frequency: 18 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 1d ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #22

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