May 30, 2025 3:10 AM ETEWJ, DFJ, DXJ, SCJ, FJP, DBJP, DXJS, HEWJ, JPXN, GSJY, FLJP, FLJH, BBJP, EWJVING Economic and Financial Analysis4.53K Followers(5min)SummaryJapanese data paints a mixed picture of the economy.There are growing downside risks as output contracts.Yet, there are increasing upside risks for inflation.The Bank of Japan is likely to prioritise price pressures.winhorseBy Min Joo KangCore inflation accelerated more than expected in MayTokyo consumer price index (CPI) inflation stayed at 3.4% year-on-year in May, in line with market consensus. Yet, core inflation, excluding fresh food, accelerated to 3.6% from 3.4%, beating the market consensus of 3.5%. Core inflation hasThis article was written byING Economic and Financial Analysis4.53K FollowersFrom Trump to trade, FX to Brexit, ING’s global economists have it covered. Go to ING.com/THINK to stay a step ahead. We’re sorry we can’t reply to individuals' comments.Content disclaimer: The information in the publication is not an investment recommendation and it is not investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument.This publication has been prepared by ING solely for information purposes without regard to any particular user's investment objectives, financial situation, or means. For our full disclaimer please click here.CommentsRecommended For You