The Japan’s main price indexwhich excludes food, rose again by 2.1% year-on-year in May, holding for the second consecutive month at its highest level in seven years, official data showed on Friday.

In April, inflation exceeded the 2% threshold set by the Bank of Japan for the first time since March 2015, which, unlike financial institutions in other developed economies, has decided to maintain its flexible monetary policy.

Even so, the Japanese central bank indicated that it will pay attention to the evolution of the currency markets in the face of the yen depreciationwhich is at its lowest level against the dollar in 24 years.


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