Japan's 3.3% core CPI rise in June adds to pressure on BOJ

Japan's consumer inflation accelerated to 3.3 percent in June from a year earlier, government data showed Friday, in a fresh sign of broadening price hikes that could fuel speculation of a policy tweak by the Bank of Japan.The rise in core consumer price index, excluding volatile fresh food items, remained above the BOJ's 2 percent target for the 15th month. The pace of increase accelerated from 3.2 percent in May as food and durable goods prices rose and utilities raised electricity charges.The figure boosted the likelihood of an upward revision to the BOJ's inflation outlook for the curre…READ FULL ARTICLE