BOJ's new trend gauge shows inflation exceeding target

TOKYO - Japan's core consumer inflation rate excluding one-off factors, as measured by the central bank's new gauge, hit 2.8% in April, exceeding its 2% target and accelerating from 2.5% in March, the Bank of Japan said on Tuesday.

The new index, which strips out institutional factors such as education and energy-related subsidies, showed a much faster year-on-year rise than the 1.4% rate in the benchmark core consumer price index figure the government announced last week.

(Reporting by Leika Kihara and Takahiko Wada; Editing by Christian Schmollinger)

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This story was originally published May 26, 2026 at 12:19 AM.