Japanese national inflation data for May showed a slowing rate of core CPI:
The FT (gated) lead with the headline on slowing inflation. Meanwhile via Bloomberg:
- Economists forecast inflation will slow further later this year
- sales-tax hike set for October will also pose a risk to consumption
- BOJ is facing expectations it will ease further
- Governor Kuroda said the BOJ still has room for big stimulus but cautioned that accumulating side effects also need to be considered
