Japan’s main inflation cools down in June as expected by softening from 29-month high level

Japan’s main inflation in June cooled to 3.3%, having decreased from a 29-month maximum of 3.7%, when rice inflation showed signs of weakening.

The figure – who deprived the cost of fresh food – corresponded to 3.3%, which is expected by economists, interviewed Reuters.

Capital inflation in the country decreased to 3.3%, decreasing from 3.5% in May.

The so -called “nuclear” inflation rate, which deprives prices of both fresh food and energy and carefully monitored BOJ, rose to 3.4% from 3.3% a month earlier.

Rice prices, which noticed the fastest increase in half a century in May, found a slight decrease by an increase by 100.2% a year, compared to the 101.7% jump.

Prices for rice started Will decrease after the government has released its stocks earlier this year, although prices remain elevated.

Japan fought with rising rice prices in the second half of 2024 and the first half of 2025 since the bad crops in 2023.

The data published on Friday come when Japan fights problems over the growth of Trump tariffs, while the cost of life is expected to dominate the upcoming elections in the upper house.

US President Donald Trump also said he did not expect a deal with Japan, causing fears of higher tariffs that may interfere with growth.

Japanese gross domestic product in the first quarter For the first time in the year decreasedFalling by 0.2% of the quarter a quarter of the three months ended as it decreased dramatically.

Japan is facing

Reading inflation will support the case for the Bank of Japan to raise the rates because the heading’s inflation rate above 2% BOJ target for 39 consecutive months.

However, analysts from the Bank of America do not expect raising the rate by January 2026, saying that on Wednesday it is noted that the expectations of inflation, which, according to them, the governor Boj Kazuo is viewed as proxy for “major inflation”, remain below 2%.

This is conducting the news. Please update updates.