日本7月核心通胀放缓，但仍高于日本央行目标

Core Viewpoint - Japan's core inflation rate in July has slowed for the second consecutive month but remains above the Bank of Japan's 2% target, leading to market expectations of potential interest rate hikes in the coming months [1] Group 1: Inflation Data - In July, the nationwide core Consumer Price Index (CPI), excluding fresh food, rose by 3.1% year-on-year, surpassing the market forecast of 3.0% [1] - This increase is lower than June's 3.3% rise, indicating a deceleration in inflation [1] - Another index, which excludes fresh food and fuel costs, increased by 3.4% year-on-year in July, a key measure closely monitored by the Bank of Japan [1] Group 2: Economic Implications - The persistent rise in food and raw material prices has kept Japan's core inflation rate above the central bank's target for over three years [1] - Concerns among policymakers are growing regarding the potential for second-round price effects due to sustained inflationary pressures [1]