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Japan's Core Inflation Peaks at Over Two-Year High, Heightening Pressure on Bank of Japan to Raise Rates
2025-06-20 /
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Author：小编
Japan's core inflation rate surged to 3.7% in May, surpassing forecasts and marking a fresh annual high. This rate has now remained above the Bank of Japan's (BoJ) 2% target for 38 consecutive months. Notably, the "core-core" inflation rate also witnessed an uptick, rising from 3% to 3.3%. Despite maintaining its benchmark interest rate at 0.5% this week, the BoJ's statement acknowledged that rising wages are being transmitted to selling prices, bolstering core inflation and intensifying the pressure for potential future rate hikes.
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