Tokyo core CPI rose 1.9% YoY in July versus market est. 1.8%, Ministry of Internal Affairs and Communications data showed; core-core CPI (ex fresh food and energy) rose 2.0% and overall CPI rose 2.0%. The acceleration — driven by a narrowing decline

2026-07-31

Tokyo core CPI rose 1.9% YoY in July versus market est. 1.8%, Ministry of Internal Affairs and Communications data showed; core-core CPI (ex fresh food and energy) rose 2.0% and overall CPI rose 2.0%. The acceleration — driven by a narrowing decline in electricity and gas costs and steady rises in processing food prices, despite a larger gasoline price drop after government measures — strengthens the case for the Bank of Japan to consider another rate hike in coming months, even as markets largely expect a hold today (31st). Takeshi Minami, chief economist at the Norinchukin Research Institute, said ongoing Middle East tensions could keep energy-related prices higher and push up food and other costs, meaning inflation may remain above 2% from this autumn.

Other News
2026-07-30

Meta's Q2 revenue rose 28% year-over-year to $60.8 billion, with its advertising business remaining resilient, but earnings per share were only $6.18, significantly below market expectations of $7.22. Total costs surged 55% year-over-year to $42.03 b

2026-07-30

According to Nikkei, Microsoft is considering offering some internally developed AI models with open weights.