Japan’s Core Inflation Holds Above 2% Target, Commodity-Driven Pressures Peak
For the fifteenth month, Japan’s core inflation in June remained above the 2% target set by the country’s central bank. However, a closer examination of the data reveals that an index that does not consider energy costs experienced a slowdown, suggesting that the long-lasting commodity-driven pricing pressures may have peaked. The nation’s services price rise also slowed during this time, …