Japan is finally seeing some inflation – but it may not be time to celebrate

Core consumer prices may be approaching the Bank of Japan's 2% target, but veteran entrepreneur Ernie Higa says it's not time to cheer.

Japan's core consumer prices may be approaching the central bank's 2% target, but veteran entrepreneur Ernie Higa says it's not time to cheer yet.

The core consumer price index in Tokyo, which excludes fresh food and energy, rose 1.9% in May compared to the previous year, government data showed Friday.

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