Japanese Service-Sector Inflation Remains Sticky, Weighs on BoJ Policy
Japan's Corporate Service Price Index (CSPI) rose 3.2% year on year in June, down from a 3.3% increase in the previous reading.
The slight slowdown suggests that service-sector inflation is still above zero and near multi-decade highs.
This development may keep pressure on the Bank of Japan (BoJ) to continue its monetary policy normalization efforts.