Fed Unveils Stablecoin Rules Under GENIUS Act 
Japan Private-Sector Growth Slows as Domestic Demand Weakens 
Russian Envoy Dmitriev Heads to US for Ukraine Talks 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
US, China Extend Trade Truce to Jan. 10 Ahead of Trump-Xi Summit 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Wall Street Falls as Treasury Yields Surge, Oil Rebounds on Iran Tensions 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
China’s ‘Lipstick King’ Says AI Won’t Replace Livestream Hosts 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
US Dollar Hits Two-Month High as Fed Rate Hike Bets Rise 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
South Korea, US Discuss Warship Building Cooperation 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
Oil Prices Ease as Iran Tensions Clash With Diplomacy Hopes 
Add as a preferred source on Google
Tokyo consumer inflation slowed in May, reinforcing expectations that the Bank of Japan (BOJ) will continue taking a measured approach to monetary policy tightening as inflationary pressures remain moderate.
According to government data released Friday, Tokyo’s core consumer price index (CPI), which excludes volatile fresh food prices, increased 1.3% year-over-year in May. The figure was down from April’s 1.5% rise and aligned with market forecasts. The data highlights a continued slowdown in price growth in Japan’s capital, often considered a key indicator of nationwide inflation trends.
A separate measure of inflation that excludes both fresh food and energy prices showed no monthly growth in May after rising 0.2% in April. The flat reading suggests that underlying inflation momentum weakened during the month, adding to signs that price pressures are easing.
Meanwhile, headline Tokyo CPI rose 1.4% from a year earlier, compared with a 1.5% increase in April. The moderation in both headline and core inflation figures indicates that consumer prices remain relatively contained despite ongoing economic uncertainties.
The latest inflation report comes as financial markets continue to anticipate a Bank of Japan interest rate increase, with policymakers expected to raise the short-term policy rate to 1% from the current 0.75%. However, BOJ officials have repeatedly emphasized the importance of proceeding cautiously to avoid undermining economic growth.
Concerns about the global economic outlook, combined with fluctuating energy prices driven by geopolitical tensions in the Middle East, remain key factors influencing the central bank’s decision-making process. These uncertainties have encouraged policymakers to carefully assess inflation and economic conditions before implementing additional rate hikes.
Following the release of the Tokyo inflation data, the Japanese yen showed limited reaction, with the USD/JPY currency pair remaining largely unchanged. Investors continue to monitor inflation trends and BOJ policy signals for clues about the future direction of Japan’s economy and interest rates.
