On May 26, the Bank of Japan stated on Tuesday that, according to its newly established inflation indicator, Japan's core consumer inflation rate for April, excluding one-off factors, rose to 2.8%, surpassing the 2% target level and accelerating from 2.5% in March. This new indicator excludes institutional factors such as education and energy subsidies, showing a year-on-year increase significantly higher than the 1.4% increase reported by the Japanese government last week in its benchmark core consumer price index.