Japan’s National CPI rises 1.5% YoY in May, Core CPI climbs as expected

Japan’s National Consumer Price Index (CPI) rose by 1.5% YoY in May, compared to the previous reading of 1.4%, according to the latest data released by the Japan Statistics Bureau on Friday.

Further details unveil that the National CPI ex Fresh food arrived at 1.4% YoY in May versus 1.4% prior. The figure came in line with the market consensus. 

Market reaction to Japan’s National CPI data

Following Japan’s CPI inflation data, the USD/JPY pair is up 0.42% on the day at 161.32.