Tokyo headline CPI increases 1.7% year over year
The Tokyo headline consumer price index rose 1.7% year over year. Core inflation also increased to 1.6% year over year.
The increase in inflation may impact monetary policy decisions. The Bank of Japan may consider front-loading rate hikes due to inflation upside and AI demand shocks.
The US Commerce Department has denied Polestar authorization to sell vehicles in the US from 2027, citing concerns over Chinese-linked vehicle software and hardware.