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Japan Inflation April 2019

Japan: Core inflation hits five-month high in April

The core consumer price index rose 0.1% in month-on-month seasonally-adjusted terms in April, coming in above March’s flat reading.

Core inflation inched up from March’s 0.8% to 0.9% in April. The reading was in line with the result that market analysts had expected. Nevertheless, inflation remained well below the Bank of Japan’s inflation target of 2.0%. Overall inflation rose from March’s 0.5% to 0.9% in April.

Core inflation in the Ku-area of Tokyo rose from March’s 1.1% to 1.3% in April. Data for April will be released on 31 May.

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