Japan Core Inflation Holds Near BOJ Target
Japan core consumer inflation held steady near the central bank target in August. The data highlights mounting price pressures that solidify the case for a near-term interest rate hike by the Bank of Japan.
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Japan's core consumer inflation held steady at 1.7% in August, remaining just below the central bank's target. The data reinforces expectations for policy tightening as officials weigh persistent import pressures.
