Japan Core CPI still not even half-way to BoJ's 2% target - Reuters

Omkar Godbole FXStreet Contributor

The Japanese data released today showed inflation is not even half-way to Bank of Japan's (BOJ) inflation target, meaning the ultra-easy monetary policy will likely be on hold indefinitely.

The nationwide cost of living as represented by the consumer price index (CPI) in Japan was up 0.7 percent on year in May, the Ministry of Internal Affairs and Communications said on Friday.

Further, the core CPI also increased 0.7 percent on year as expected.

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Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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