According to Jinshi, consumer price increases in Tokyo, Japan slowed for the second consecutive month in December, and cost-driven inflation may be easing. The Statistics Bureau of Japan's Ministry of Internal Affairs and Communications said that CPI, excluding fresh food, rose 2.1% year-on-year, the lowest level since June 2022. At the same time, Japanese households spent 2.9% less in November from a year earlier, as rising living costs prompted shoppers to be more selective when purchasing goods. The data highlight the inconsistency of the recovery after the economy contracted at the sharpest rate since the peak of the epidemic.