Japan Core Inflation Accelerates in July
Japan core consumer inflation accelerated to 1.8 percent in July as firms passed on rising import costs. The data bolsters expectations that the central bank will raise interest rates in September.
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Japan's core consumer inflation accelerated to 1.8% in July from a year earlier, driven by rising import costs. The figure matches consensus forecasts and follows a 1.6% rise in June. The data bolsters the case for the central bank to raise interest rates at its upcoming meeting.
