Bank of Japan's new trend gauge shows April inflation at 2.8%, well above its 2% target and nearly double the official 1.4% CPI, fueling rate hike expectations.

TOKYO, May 26 : Japan's core inflation as measured by a new central bank gauge accelerated in April and blew past its 2 per cent target, data showed on Tuesday, helping make the…

Bank of Japan's new trend gauge shows April inflation at 2.8%, well above its 2% target and nearly double the official 1.4% CPI, fueling rate hike expectations.