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Japan's core inflation hits 15-month high on energy costs

Data signal that impact of global commodity inflation is gradually broadening; BOJ expected to maintain stimulus

Tokyo

JAPAN'S core consumer prices rose 0.2 per cent in June from a year earlier to mark the fastest annual pace in over a year, data showed on Tuesday, a sign that the impact of global commodity inflation was gradually broadening.

But the increase, driven largely by higher energy costs, was much smaller than that of other major economies due to weak consumption, reinforcing expectations that the Bank of Japan will be forced to maintain its massive stimulus for the time being.

The rise in the core consumer...

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