AI Data Insight
In April 2026 (Q2 2026), the month-over-month (MoM) growth rate of core CPI in the Tokyo area of Japan significantly narrowed to 0.0%, a marked slowdown from the previous 0.2%, and the overall price performance was lower than market consensus expectations. Benefiting from the Tokyo Metropolitan Government's exemption of childcare fees and the extension of government energy subsidies, short-term inflation pressure has been temporarily alleviated. However, against the backdrop of a depreciating yen and rising crude oil prices driven by Middle East geopolitics, the market continues to closely monitor the reinflation risks brought by the subsequent pass-through of import costs.