TOKYO, June 24 — Japan’s core consumer prices jumped 2.1 per cent again in May, the second consecutive monthly jump of a level not seen in seven years, official data showed Friday.
The rise follows a 2.1 per cent jump in April, the first time since March 2015 that the figure breached the 2.0 per cent set by the Bank of Japan as its long-term inflation target. The BoJ did, however, said it would “pay due attention” to forex markets after the yen hit a 24-year low. The BoJ’s ultra-loose monetary policy aims to achieve two-per cent inflation, a target that has been stubbornly out of reach during years of price stagnation.
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