Japan's core consumer price growth slowed in April for the second month in a row, signaling weakness in the inflationary momentum to reach the Bank of Japan's target of 2%. This weakness is unwelcome from the Bank of Japan.
The core CPI, which includes oil product prices but excluding food prices, rose by 0.7 percent in April, slightly below expectations for a rise of 0.8 percent, following a 0.9 percent rise in March.
Also, the core CPI excluding food and energy prices slowed to 0.4% from 0.5% in April.
