Breadth divergence is a troubling sign for the stock market

Japan’s CPI rises above BOJ’s 2% target for 3 straight months

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TOKYO — Japan’s overall consumer inflation rose 2.4% from a year earlier in June, exceeding the Bank of Japan’s 2% target for three straight months, government data showed Friday.

Core consumer inflation excluding volatile fresh food prices rose 2.2% in June, while the index excluding fresh food and energy prices rose 1.0%.

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