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Japan inflation softens more than expected in April, weakening case for BOJ rate hike
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- Japan's core inflation eased more than expected in April, coming in at 1.4%, potentially weakening the case for an early rate hike by the Bank of Japan.
- Core inflation — which strips out prices of fresh food — was lower than the 1.7% expected by economists polled by Reuters and below the 1.8% reading in March.
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Japan's core inflation eased more than expected in April, coming in at 1.4%, potentially weakening the case for an early rate hike by the Bank of Japan.
Core inflation — which strips out prices of fresh food — was lower than the 1.7% expected by economists polled by Reuters and below the 1.8% reading in March.
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