日本通胀“高烧不退” 日本央行或上调通胀预期

Group 1 - The core consumer price index (CPI) in Japan rose by 3.3% year-on-year in June, slightly below the expected 3.4%, and down from 3.7% in May, indicating a cooling inflation trend [1][2] - Energy price increases have slowed, contributing to the decline in the core CPI, while the core-core CPI, which excludes energy prices, rose by 3.4%, the fastest growth since January of the previous year [1][2] - The latest inflation data may prompt the Bank of Japan to continue its interest rate hike path, with expectations that the central bank will maintain the benchmark interest rate at its next policy meeting on July 31 [2][3] Group 2 - The rising prices of rice, which have doubled year-on-year, have drawn national attention and forced the government to take unprecedented measures, including utilizing emergency food reserves [2] - The increase in service prices, which rose by 1.5% year-on-year in June, indicates a broader inflationary trend, with Japan's inflation rate exceeding that of other G7 countries [3] - The persistent inflation in Japan is attributed to changing public expectations regarding price increases, breaking a long-standing deflationary pattern, and companies are more willing to pass on costs to consumers [3]