Japan inflation jumps 2.1%, above BOJ target for 1st time since 2015

Japan's consumer inflation in April accelerated 2.1 percent from a year earlier, as higher commodity prices and a weak yen helped lift the key figure to a seven-year high and above the Bank of Japan's 2 percent target for the first time since 2015, government data showed Friday.The steep rise in the core consumer price index came as the effect of sharply lower mobile communication fees -- a big drag for months -- began to fall out of the inflation data. The figure compared with a 0.8 percent increase in March and marked eight straight months of gain.The war in Ukraine has sent prices of ene…READ FULL ARTICLE