Takuya Hoshino of the Dai-ichi Life Research Institute said Tokyo-area CPI rebounded in June for the first time in eight months but is unlikely to push the Bank of Japan to accelerate rate hikes. Tokyo consumer prices excluding fresh food rose 1.6% YoY in June, up from 1.3% in May. Hoshino said the print shows some underlying price resilience but is insufficient to prompt concern about faster cost pass-through to consumers and is unlikely to move the BOJ to bring forward hikes.