Japan June inlation eases in June as weak yen impact fades

TOKYO: Japan's core consumer inflation eased slightly in the year to June as an increase in import costs from a weak yen faded, highlighting the challenges the central bank faces in meeting its 2% inflation target sometime next year.

But the slowdown comes as no surprise to the Bank of Japan, which has said inflation will continue to slow to around 1% in coming months as the impact of the weak yen dwindles, before it picks up again as a tight labour market lifts wages.