Japan's Inflation Data Sparks BOJ Policy Change Speculation.
Japan's May inflation data shows the core-core rate inflation hit a 42-year high at 4.3%, while the core reading stayed above the Bank of Japan's 2% target for the 14th month in a row. This is likely to reignite speculation of a policy change by the BOJ, despite their insistence that inflation will fall from around September/October. The Bank is expected to revise its inflation forecasts higher at its July meeting.