Japan’s Tokyo CPI falls sharply to 1.6% yoy in Apr, vs exp 2.2% yoy

Japan’s Tokyo CPI showed significant slowdown in April. CPI core (excluding food) dropped from 2.4% yoy to 1.6%, substantially below the expected 2.2% yoy.
CPI core-core, which excludes both food and energy, also slowed from 2.9% yoy to 1.8
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