The decline in the consumer price index in Japan brings some relief to the Bank of Japan.

In June, Japan's consumer price index saw a slight decrease, which is seen as a positive development for central bank policymakers constrained by uncertain trade prospects. Data released by the Japanese government on Friday showed that the core consumer price index, excluding volatile fresh food prices, rose 3.3% from the same period last year, compared to a 3.7% increase in May. This data is in line with a survey of economists conducted by data provider Quick. Energy prices rose less than the previous month, up 2.9% year-on-year. Food prices excluding fresh food rose by 8.2%, compared to a 7.7% increase in May. Despite ongoing inflation weakening consumer buying intention, the Bank of Japan may not immediately raise interest rates due to concerns that US tariff increases could impact the economy. The Bank of Japan's policy committee plans to announce its latest price forecast at a meeting later this month. Many economists expect the central bank to maintain its policies unchanged.