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CORE INFLATION IN JAPAN'S CAPITAL BRINGS BOJ CLOSER TO A RATE HIKE

  • NEWS Desk Global
  • 4 hours ago
  • 1 min read

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Core consumer inflation in Japan's capital stayed well above the central bank's 2% target in November as firms continued to pass on rising costs mainly for food, data showed on Friday, reinforcing the case for a near-term interest rate hike.

Separate data for October showed retail sales and factory output rose while the jobless rate was steady at 2.6%, suggesting the world's fourth-largest economy was weathering the impact of higher U.S. tariffs at least for now.

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