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Japan core inflation hits 1.4% in May
Core inflation in Japan remained below 2% for the fourth consecutive month in May, marking a 1.4% year-on-year increase, influenced by fuel subsidies. Meanwhile, inflation is approaching acceleration as the Bank of Japan raises interest rates and wholesale prices increased to 6.3% in May. The bank indicated its readiness for further monetary tightening to address cost pressures resulting from the energy shock.
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