Japan's June inflation speeds up on back of sales tax hike
July 24, 2014 at 19:33 PM EDT
Japan's inflation sped up in June, data showed on Friday, boosted by the consumption tax hike that took effect in April. The core Tokyo CPI for July, a leading indicator, climbed an annual 2.8 percent, slightly better than a 2.7 percent rise forecast by Reuters and following the 2.8 percent gain in June.