Tokyo June 2025 headline CPI +3.1% y/y (3.3% expected)

Tokyo CPI % y/y

  • expected 3.4%, prior +3.4%

CPI excluding fresh food 3.1% y/y

  • expected 3.4%, prior 3.6%

CPY excluding fresh food & energy +3.1% y/y, the highest since January 2024

  • expected 3.3%, prior 3.3%

While core consumer inflation in Tokyo slowed in June, its still way above the Bank of Japan 2% target. Most only expect further rate hikes in Japan from early 2026.

This article was written by Eamonn Sheridan at www.forexlive.com.