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Inflation in Japan's capital slows in November
Core consumer inflation in Japan's capital Tokyo, considered a leading indicator of nationwide trends, hit 2.3 per cent in November, slowing from the previous month in a sign of easing cost-push pressure in the world's third-largest economy. The data will be among factors scrutinised by the Bank of Japan (BOJ) when it meets for a two-day policy meeting concluding on Dec. 19. The year-on-year rise in the Tokyo core consumer price index (CPI), which excludes volatile fresh food but includes fuel costs, compared with a median market forecast for a 2.4 per cent gain and slowed sharply from a 2.7 per cent increase in ... (full story)