A man walks at the headquarters of Bank of Japan in Tokyo, Japan, January 18, 2023.
Based on the government's consumer price data, the Bank of Japan (BOJ) releases several measurements of underlying inflation that look at the distribution of price changes.
The indices are closely watched by the BOJ for clues on whether price rises are driven by one-off factors like fuel, or broadening enough to sustainably hit its 2% inflation target.
The ratio of items that saw prices rise year-on-year hit a record 85.6% in July.
Japan's annual core consumer inflation hit 3.1% in July, slowing from 3.3% in June due to sliding utility bills but staying above the BOJ's target for the 16th straight month.
Persons:
Issei Kato, Naoya Hasegawa, Kazuo Ueda, Leika, Shri Navaratnam
Organizations:
Bank of Japan, REUTERS, Rights, Okasan Securities, Reuters, Thomson
Locations:
Tokyo, Japan