Japan's March inflation slows; BOJ cautions on yen weakness

TOKYO -- Japan's inflation rate fell in March from the previous month, as price rises for nonperishable foods and accommodation moderated, data released on Friday by the Ministry of Internal Affairs and Communications showed.

The core consumer price index, which excludes fresh food, rose 2.6% from a year earlier, down from a 2.8% increase in February. The latest figures were in line with the median forecast of 2.6% core inflation among 17 economists surveyed by QUICK.