Japan's Underlying Inflation Reaches Its Highest Level in More than Two Years Latest Cable - World News HTML WidgetDate and Time in Miami

TOKYO.— Japan’s underlying inflation accelerated in April at the fastest annual rate in more than two years, driven by a sustained increase in food prices, according to data released on Friday. The rebound raises the odds of a new rise in rates by the Bank of Japan (BOJ) before the end of the year. The data underscores the dilemma of the BOJ, which must balance the inflationary pressures resulting from the persistent rise in food prices against …