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Tokyo CPI Inflation Accelerates to 1.7% in June 2023

Tokyo's Consumer Price Index inflation climbed to 1.7% year-on-year in June, up from 1.4% in May, signaling rising price pressures in Japan's capital.

Inflation in Tokyo, measured by the Consumer Price Index (CPI), rose to 1.7% year-on-year in June 2023, up from 1.4% in May, according to FX Street.

The Statistics Bureau of Japan reported this increase, reflecting a continuing upward trend in consumer prices in the capital.

This rise in inflation comes amid ongoing monetary policy discussions, with the Japanese Yen's value and market expectations closely watched by investors.

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By Sama Kane

Tokyo Overnight

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