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MNI BRIEF: Japan's April Trimmed Mean Rises 1.8% Vs. 2.2% - BOJ

(MNI) Tokyo
(MNI) TOKYO

Japan’s trimmed mean measure of underlying inflation rose 1.8% in April, slowing from 2.2% in March, showing the pace of pass-through of cost increases is slowing, data released by the Bank of Japan showed on Tuesday.

Bank officials are focused on how the recent rise in import price, which rose 6.4% y/y in April for the third straight increase, has affected corporate price-setting.

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Japan’s trimmed mean measure of underlying inflation rose 1.8% in April, slowing from 2.2% in March, showing the pace of pass-through of cost increases is slowing, data released by the Bank of Japan showed on Tuesday.

Bank officials are focused on how the recent rise in import price, which rose 6.4% y/y in April for the third straight increase, has affected corporate price-setting.

Keep reading...Show less