Japan's inflation softened more than expected in June but continued to remain above the 2 percent target, data from the Ministry of Internal Affairs and Communications showed Friday.
Core inflation that excludes fresh food cost eased to 3.3 percent in June from 3.7 percent in May, which was the highest in two years.
Meanwhile, excluding fresh food and fuel, inflation rose marginally to 3.4 percent from 3.3 percent in the previous month.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.