Tokyo CPI Up 1.5% April, Core 1.9%

Tokyo headline CPI increased to 1.5% in April, up from 1.4% in March.
Core CPI (excluding fresh food) rose 1.5% YoY, missing the 1.8% forecast and staying below the BOJ’s 2% target.
Core CPI excluding fresh food and energy fell to 1.9% YoY, a 14‑month low, as subsidies offset gas prices from the Iran war.
BOJ kept rates unchanged, raised 2026 inflation forecasts, warned of further hikes, and cut growth outlook due to Iran‑war headwinds.