Japan’s inflation rate fell for a second straight month in June, as a surge in energy costs lost steam and the Japanese economy slowed following a sales tax increase four months ago.
The decline was in line with market expectations, though debate is likely to continue over whether the nation’s central bank is too optimistic about hitting its ambitious price target.
The nationwide core consumer price index rose 1.3% from a year earlier in June, after adjustment for the tax change, having gained 1.4% the previous month, according to government data released Friday. The figure matched a forecast of economists polled by The Wall Street Journal and the Nikkei.
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