Core inflation rises in Japan

Japan’s non-food core inflation gauge rose in June. Japan’s core inflation rose by 3.4 percent in April Japan’s nationwide core inflation rose by 3.4 percent on an annual basis in April, in line with economists’ forecasts. The data was higher than the previous month’s 3.1 percent inflation rate and above the central bank’s 2 percent target. Overall inflation also rose to 3.5 percent in April from 3.2 percent in March. The Japanese yen rose 0.2 percent against the dollar to 138.42 after the U.S. dollar index surged to its highest point in nearly two months at 103.5 overnight.