Tokyo's core inflation rate was 1.5% in April, falling below the central bank's target for three consecutive months

Data shows that the core inflation rate in Tokyo in April was 1.5%, lower than the 1.7% in March and below the Bank of Japan's target for three consecutive months. Analysis predicts that the rise in oil prices and the weakness of the yen may push up import prices, and the CPI may accelerate its rise in the future. This week, the Bank of Japan kept its benchmark interest rate unchanged at 0.75% and stated that it will adjust its interest rate policy based on changes in geopolitical risks.