Japan's inflation stays above BOJ's target, key gauge hits four-decade high

TOKYO: Japan's core consumer inflation stayed well above the central bank's 2% target in April and a key index stripping away the effects of fuel hit a fresh four-decade high, keeping alive expectations of a tweak to its massive stimulus this year.

The reading comes a few days after data showed the world's third-largest economy grew faster than expected in the first quarter on a post-COVID consumer rebound.