Japan CPI up 0.1% in May

Japan’s core consumer price index (CPI) rose 0.1 percent on-year in May, just a tad above expectations. The unemployment rate was steady at 3.3 percent in May, while household expenditures rose 4.8 percent on-year, above expectations.

CPI had been expected to remain flat from a year earlier, after rising 0.3 percent in April, according to a Reuters poll. The unemployment rate was expected to remain at 3.3 percent in May, while household expenditure were expected to rise 3.4 percent on-year, according to a Reuters poll.

The Japanese yen held flat at 123.59 against the U.S. dollar after the data.


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