Yonhap Infomax NewsTokyo's May core CPI rose 1.3% year-on-year, missing market expectations of 1.5% and marking the fourth consecutive month below the Bank of Japan's 2% inflation target, while the dollar-yen exchange rate continued rising following the data release.
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Tokyo May Core CPI Rises 1.3% YoY, Missing Estimates
Tokyo's May core CPI rose 1.3% year-on-year, missing market expectations of 1.5% and marking the fourth consecutive month below the Bank of Japan's 2% inflation target, while the dollar-yen exchange rate continued rising following the data release.