Japan core inflation slows to 3% in Feburary
- Japan's core inflation rate rose 3.0% year-on-year in February, falling from 3.2% in January, according to government data.
- The inflation rate has remained above the Bank of Japan's 2% target for 35 months, as reported by the Bank of Japan.
- Recent wage hikes of 5.46% from unions may support the Bank of Japan's monetary policy, as noted by the Japanese Trade Union Confederation.
- Prime Minister Shigeru Ishiba's cabinet approval ratings have dropped due to public dissatisfaction over inflation and other issues.
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Japan's core inflation rate slows to 3% in February
Tokyo, Japan – Japan’s core inflation rate decelerated in February, government data showed Friday, with prices excluding fresh food rising 3.0 percent year-on-year in the world’s fourth-largest economy. The core Consumer Price Index (CPI) slowed from 3.2 percent in January, remaining above the Bank of Japan’s two-percent target which has been exceeded every month since
·Manila, Philippines
Read Full ArticleJapan’s Core Inflation Hits 3% in February, Keeps Alive BOJ Rate-Hike Bets
TOKYO (Reuters) — Japan’s core inflation hit 3.0% in February and an index stripping away the effect of fuel rose at the fastest pace in nearly a year, a sign of broadening price pressure that reinforces market expectations of further interest rate hikes.
·Japan
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