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Tokyo core inflation exceeds BOJ target in October - Regional Media News
Summary by regionalmedianews.com
4 Articles
4 Articles
Tokyo core inflation exceeds BOJ target in October - Regional Media News
By Leika Kihara TOKYO, Oct 30 (Reuters) - Annual core inflation in Japan's capital well exceeded the central bank's 2% target in October, data showed on Friday, highlighting mounting price pressure and cementing the case for further interest rate hikes. The data came ahead of [...]
Japan's core inflation hit the Bank of Japan's 2% target for the first time since 2013. Markets expect the BOJ to raise interest rates again in December or January.
The CPI in the Tokyo area rose 2.8 percent in October compared to the same month a year earlier after rising 2.7 percent the previous month.
Coverage Details
Total News Sources4
Leaning Left0Leaning Right1Center0Last UpdatedBias Distribution100% Right
Bias Distribution
- 100% of the sources lean Right
100% Right
R 100%
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