By Megumi Fujikawa
TOKYO–Japan’s consumer inflation grew at a slightly faster pace in April as companies raised their product prices at the beginning of their business year.
Overall consumer prices rose 3.5% from a year earlier in April, compared with a 3.2% increase in March, government data showed Friday.
Bank of Japan Gov. Kazuo Ueda has said he expects inflation to fall below the bank’s 2% target toward the latter half of this fiscal year, which started in April, and the bank would continue monetary easing.
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