Tokyo Consumer Price Index rose 1.3% in April. It is the same increase as in the previous month. Tokyo CPI excluding fresh food climbed 2.7% in April from 1.0% in March. The rise of CPI did not meet the expectations. Analysts forecasted the increase of 2.7%.

National Consumer Price Index improved from the previous month. The index climbed 1.6% in March (February: 1.5%). National CPI excluding fresh food did not meet the expectations. The index was up 1.3%, expected the rise of 1.4%.

Investors think that the Japan’s inflation will decline later this year. If it actually happens, the Bank of Japan could trigger new easing action. But the Bank of Japan Governor Haruhiko Kuroda is convinced Japan’s inflation is on a path to reach the target of 2.0%.