A slight easing in consumer inflation is welcome news for the Japanese central bank, but stubbornly high food prices will be of concern for policymakers.

Japan's core inflation cooled to 3.3% in June, coming down from a 29-month high of 3.7% as rice inflation showed signs of easing. The figure — which strips out costs for fresh food — was in line with the 3.3% expected by economists polled by Reuters. Headline inflation in the country dropped to 3.3%, coming down from 3.5% in May.

Japanese voters cast their ballots on Sunday in a closely contested upper house election that could undermine Prime Minister Shigeru Ishibas leadership. Rising inflation and growing immigration worries are fueling

Japanese voters head to polls in a crucial upper house election amidst concerns over inflation and immigration. The Liberal Democratic Party, led by Prime Minister Shigeru Ishiba, risks losing control,

Japanese voters could unleash political turmoil as they head to the polls on Sunday in a tightly contested upper house election, with rising prices and immigration concerns threatening to weaken Prime Minister Shigeru Ishiba's grip on power.

Japans core inflation eased in June due to temporary utility subsidies, yet remained above the Bank of Japans (BOJ) 2% targetfueling ongoing expectations of further interest rate hikes. According to official data

Yujiro Goto, head of foreign exchange strategy for Japan at Nomura, told CNBC that the current inflation spike, especially in food inflation, is mostly due to supply issues, not strong demand.