Inflation in Japan's capital accelerated notably in April, data from the Ministry of Internal Affairs revealed Friday.
Excluding fresh food, Tokyo core inflation advanced to 3.4 percent from 2.4 percent in the previous month. This was above economists' forecast of 3.2 percent and also reached the highest level in two years. Overall consumer prices in Tokyo rose 3.5 percent after climbing 2.9 percent in March. Excluding fresh food and energy prices, inflation surged to 3.1 percent in April from 2.2 percent in the previous month.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.