Japan’s consumer inflation stays above central bank target as price hikes broaden

TOKYO  – Japan’s core consumer prices rose 3.4 percent in April from a year earlier as price hikes broadened, data showed on Friday, casting doubt on the central bank’s view inflation will slow back below its 2 percent target later this year as cost pressures dissipate. The increase in the core consumer price index (CPI), … Continue reading Japan’s consumer inflation stays above central bank target as price hikes broaden