Inflation in Tokyo slows in May, but key gauge hits four-decade high

TOKYO¬† -Core consumer inflation in Japan’s capital slowed in May but a key index stripping away the effect of fuel hit a four-decade high, underscoring broadening price pressure that may keep alive expectations of a withdrawal of ultra-loose monetary policy. The data for Tokyo, which is seen as a leading indicator of nationwide trends, showed … Continue reading Inflation in Tokyo slows in May, but key gauge hits four-decade high