Japan’s key inflation gauge hits 3-year high, offers little respite for BOJ

By Leika Kihara TOKYO (Reuters) - An inflation gauge closely watched by the Bank of Japan accelerated at its fastest pace in almost three years as some retailers passed on rising costs to households, a positive sign for the central bank as it seeks to stoke consumer prices. But the big part of the increase came from a spike in package tour fees ahead of Japan's 10-day holiday in May, casting doubt over the long-term sustainability of the improvement as escalating trade tensions weigh on the outlook for the export-reliant economy.

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