Tokyo CPI core accelerates to 2.2%, boosting speculation of BoJ rate hike

Tokyo’s November CPI data pointed to resurgence of inflation pressures in Japan, raising expectations for BoJ to tighten policy further. Tokyo Core CPI, excluding food, climbed from 1.8% yoy to 2.2% yoy, beating expectations of 2.1%, driven largely by the reduction in energy subsidies. Core-core CPI, excluding food and energy, edged higher from 1.8% yoy […]

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