Bank of Japan's Core Inflation Hits 2.8% in April, Exceeding 2% Target

GateNews
According to the Bank of Japan on May 26, Japan's core consumer inflation excluding temporary factors rose to 2.8% in April, surpassing the central bank's 2% target and accelerating from 2.5% in March. The new measure excludes institutional factors such as education and energy subsidies, showing significantly higher growth than the government's benchmark core consumer price index reading of 1.4%.
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