AdvertisementAdvertisementBusinessFILE PHOTO: People walk at a shopping district in Tokyo, Japan, June 16, 2026. REUTERS/Kim Kyung-Hoon/File Photo26 Jun 2026 07:42AM (Updated: 26 Jun 2026 07:59AM) Bookmark Bookmark WhatsApp Telegram Facebook Twitter Email LinkedInAdd CNA as a trusted source to help Google better understand and surface our content in search results.Read a summary of this article on FAST.Get bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST TOKYO, June 26 : Annual core inflation in Japan's capital accelerated in June, data showed on Friday, a sign of broadening price pressures from the Middle East conflict.The data will be among the factors the Bank of Japan will scrutinise at next month's policy meeting, when the board will conduct a quarterly review of growth and price forecasts.The Tokyo core consumer price index (CPI), which excludes volatile fresh food costs, rose 1.6 per cent in June from a year earlier, data showed. It accelerated from a gain of 1.3 per cent in May and compared with a median market forecast for a rise of 1.6 per cent.An index stripping away the effect of fresh food and fuel, which is closely watched by the BOJ as a better gauge of trend inflation, rose 1.9 per cent in June after a gain of 1.6 per cent in May.Show MoreShow LessThe Middle East conflict has complicated the BOJ's decision on the timing and pace of rate hikes, as higher energy costs fuel inflation while simultaneously squeezing an economy heavily dependent on oil imports.The BOJ raised interest rates to a 31-year high this month in a landmark step in its policy normalisation, signalling readiness to tighten further as it focuses on taming price pressures from the energy shock induced by the Iran war.Source: ReutersNewsletterWeek in ReviewSubscribe to our Chief Editor’s Week in ReviewOur chief editor shares analysis and picks of the week's biggest news every Saturday.Sign up for our newslettersGet our pick of top stories and thought-provoking articles in your inboxSubscribe hereGet the CNA appStay updated with notifications for breaking news and our best storiesDownload hereGet WhatsApp alertsJoin our channel for the top reads for the day on your preferred chat appJoin hereAlso worth readingContent is loading...Expand to read the full storyGet bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST