Japan April CPI remains well above the Bank of Japan target rate

Japan inflation readings for April 2025:

Headline rate is 3.6% y/y

• expected 3.5%, prior 3.6%

CPI excluding Fresh Food 3.5% y/y, the fastest rise in 2 years

• expected 3.4%, prior 3.2%

CPI excluding Fresh Food, Energy 3.0% y/y

• expected 3.0%, prior 2.9%

These inflation rates are going to keep the pressure on the Bank of Japan to raise interst rates.