Japan inflation readings for May 2025:Headline rate is 3.5% y/yexpected 3.5%, prior 3.6%CPI excluding Fresh Food 3.7% y/y, the fastest rise in 2+ years (again) ... highest since January 2023expected 3.6%, prior 3.5%CPI excluding Fresh Food, Energy 3.3% y/y, the fastest rise since January 2024expected 3.2%, prior 3.0%more to come---The Tokyo area inflation data for May showed higher than in April on 2 of the 3 measures. Bank of Japan Governor Ueda got his higher inflation and now he can't raise rates. This article was written by Eamonn Sheridan at www.forexlive.com.