Japan moves towards inflation goal

Source: Bloomberg
© Scanpix/AP
Japan's inflation in June slowed as Haruhiko Kuroda's actions move it towards the bank's target. CPI, excluding fresh food, went up 3.3% after a 3.4% gain. Kuroda said inflation will slow down in the next months before accelerating to the Bank of Japan's goal of 2% by this year. Overall inflation was 3.6% and 2.3% excluding energy and perishables, while gasoline prices went up 10.6%.
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