[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  The Kobeissi Letter [@KobeissiLetter](/creator/twitter/KobeissiLetter) on x 944.8K followers Created: 2025-06-20 16:45:14 UTC Inflation in Japan is HOT: Japan's CPI inflation excluding fresh food accelerated to +3.7% year-over-year in May, the fastest pace since January 2023. This marks the 6th consecutive monthly reading at or above 3%+. Rice prices surged a whopping +102% year-over-year, driving overall food inflation. Service prices, a gauge closely watched by the Bank of Japan, increased +1.4%, above the +1.3% seen in April. As a result, Japan’s inflation rate has now been at or above the BoJ’s X% target for over X years. The BoJ likely has no option but to raise interest rates in July. Japan has an inflation issue.  XXXXXXX engagements  **Related Topics** [bank of](/topic/bank-of) [marks](/topic/marks) [japan](/topic/japan) [inflation](/topic/inflation) [Post Link](https://x.com/KobeissiLetter/status/1936103055285436644)
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
The Kobeissi Letter @KobeissiLetter on x 944.8K followers
Created: 2025-06-20 16:45:14 UTC
Inflation in Japan is HOT:
Japan's CPI inflation excluding fresh food accelerated to +3.7% year-over-year in May, the fastest pace since January 2023.
This marks the 6th consecutive monthly reading at or above 3%+.
Rice prices surged a whopping +102% year-over-year, driving overall food inflation.
Service prices, a gauge closely watched by the Bank of Japan, increased +1.4%, above the +1.3% seen in April.
As a result, Japan’s inflation rate has now been at or above the BoJ’s X% target for over X years.
The BoJ likely has no option but to raise interest rates in July.
Japan has an inflation issue.
XXXXXXX engagements
