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Tokyo Inflation Slows More Than Expected Before BOJ Price Review
Inflation in Tokyo slowed in September to less than half its pace five months ago as the Bank of Japan prepares for an assessment of whether the global slowdown risks killing off price growth in Japan. Consumer prices excluding fresh food in Tokyo, a leading indicator of nationwide inflation figures, rose 0.5% from a year earlier, the slowest pace in 16 months, according to the ministry of internal affairs Friday. The number was worse than a median estimate of 0.6% among economists. A sharper drop in gasoline prices and slower gains in household electricity costs weighed on the index. Key Insights The 0.2 percentage ... (full story)