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Inflation in Tokyo stays above BOJ's target for 13th straight month

From channelnewsasia.com

Core consumer prices in Japan's capital rose 3.2 per cent in June from a year earlier, exceeding the central bank's 2 per cent target for the 13th straight month in a sign of broadening inflationary pressure, government data showed on Friday. The data for Tokyo, which is seen as a leading indicator of nationwide trends, will likely keep alive expectations the Bank of Japan (BOJ) will phase out its massive stimulus this year. The increase in the Tokyo core consumer price index (CPI), which excludes volatile fresh food but includes fuel costs, followed a 3.1 per cent gain in May and compared with a median market ... (full story)

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  • Category: Fundamental Analysis