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Tokyo Inflation Quickens to Fastest Since 1992
Tokyo’s consumer prices rose 2.7 percent in April from a year earlier, the biggest jump since 1992, pumped up by a sales-tax increase and a year of unprecedented stimulus from the Bank of Japan. Inflation excluding fresh food was less than the 2.8 percent median estimate of 27 economists surveyed by Bloomberg News. Nationally, the same gauge rose 1.3 percent in March, statistics bureau data showed today. Tokyo’s price data provide a first look at the effects of the April 1 tax increase that’s damping consumer demand and is projected to tip the economy into a one-quarter contraction. Investors are assessing ... (full story)
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When the facts change I change my mind, what do you do sir
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