Summary: Japan’s core inflation cooled to 3.3% in June, driven by a slight easing in rice prices. While the headline inflation rate dropped to 3.3%, it remains above the Bank of Japan’s target. Concerns persist about inflationary pressures, particularly for non-subsidized items, and the potential impact of yen depreciation and higher tariffs on consumer spending and economic growth.

Link: https://www.cnbc.com/2025/07/18/japans-inflation-cools-in-june-as-expected-coming-down-from-29-month-high-cpi-core.html