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Tokyo Inflation Holds Steady at 2.8%, Exceeding BOJ Target
Tokyo Inflation Holds Steady at 2.8%, Exceeding BOJ Target
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BTCCSquare news:
Core prices in Tokyo ROSE 2.8% year-on-year in November, matching October's pace and surpassing economist forecasts of 2.7%. The persistent inflation, driven by energy costs and processed food prices, signals broadening price pressures across Japan's economy.
Service sector inflation accelerated to 1.5%, though still lagging goods inflation. While some extreme price increases like rice (now up 37.9% vs April's 93.8% surge) are moderating, households face mounting burdens from essential expenses.
The Bank of Japan now confronts sustained inflation across multiple sectors, with market participants anticipating policy responses as price stability risks emerge.
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