Japan core CPI up 2.1% in May, above BOJ's inflation target again

Core consumer prices jumped 2.1 percent in May from a year earlier, staying above the Bank of Japan's inflation target for the second straight month, lifted by higher energy and food prices, government data showed Friday.The nationwide core consumer price index excluding volatile fresh food items rose for the ninth straight month, a sign that cost-push inflation has shown no signs of abating as a sharp slide in the yen continues to inflate import costs for resource-poor Japan.After the closely watched gauge of inflation leaped 2.1 percent in April, the sharpest gain in about seven years, th…READ FULL ARTICLE