Economic Buzz: Japan core inflation picks up to 1.6%

Japan's core consumer inflation accelerated to 1.6% year-on-year in June 2026 from 1.4% in May, the highest reading since March, but remained below the Bank of Japan's 2% target for a fifth consecutive month. Meanwhile, core-core inflation, which excludes fresh food and energy, eased to 1.7%, its slowest pace since August 2022, indicating subdued underlying price pressures despite the BoJ's June rate hike.

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