Inflation in Japan's capital Tokyo hit 4 percent for the first time in four decades at the end of 2022, lifting speculation over a shift in the Bank of Japan's massive monetary easing stance.
Separate data showed an unexpected fall in overall household spending in November, driven by rising consumer prices.
The consumer price index, or CPI, excluding fresh food rose 4.0 percent in December, faster than the 3.6 percent increase in November, the Ministry of Internal Affairs and Communications reported Tuesday. The core inflation rate exceeded 3.8 percent economists had forecast.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.