Japan: Core inflation stabilizes in July
The core consumer price index rose 0.1% in month-on-month seasonally-adjusted terms in July, contrasting June’s 0.1% drop.
Core inflation was stable at June’s 0.6% in July. The reading was in line with market analysts’ expectations. Therefore, inflation remained well below the Bank of Japan’s inflation target of 2.0%. Meanwhile, overall inflation dropped from June’s 0.7% to 0.5% in July.
Core inflation in the Ku-area of Tokyo fell from 1.0% in June to 0.9% in July. Data for August will be released on 30 August.