Key facts
- Tokyo's core inflation rate was 1.6% year-on-year in June.
- Tokyo's core inflation rate was 1.3% year-on-year in May.
- The core inflation figure excludes fresh food costs.
- The core inflation rate has remained below the Bank of Japan's target for five consecutive months.
- The Bank of Japan's inflation target is 2%.
Annual core inflation in Tokyo accelerated to 1.6% in June, a rise from the 1.3% recorded in May. This core inflation figure, which specifically excludes the volatile costs of fresh food, has now remained below the Bank of Japan's long-standing 2% target for five consecutive months. The data indicates a modest increase in price pressures within the Japanese capital, though the overall trend has not yet met the central bank's objective. The continued divergence from the 2% target may influence future monetary policy discussions by the Bank of Japan as it seeks to stimulate sustainable price growth.