Receive Breaking News updates as they occur
By Leika Kihara TOKYO (Reuters) - Japan's core consumer inflation eased slightly in the year to June, highlighting the challenges the central bank faces in meeting its 2 percent inflation target sometime next year. The BOJ expects inflation to pick up again as a tight labor market lifts wages. "Exports are weak and household spending - hit by the April sales tax hike - won't bounce back so strongly, which means the economy lacks a strong driver ahead," said Yoshiki Shinke, chief economist at Dai-ichi Life Research Institute. "The economy may not recover as strongly as expected, which will certainly affect price moves," he said, predicting that the BOJ may ease policy in April next year if inflation fails to approach 2 percent by then.
WASHINGTON (AP) — Nearly 300 passengers perish when their plane is shot out of the sky. Airlines suspend flights to Israel's largest airport after rocket attacks. Two airliners crash during storms. Aviation has suffered one of its worst weeks in memory, a cluster of disasters spanning three continents.