Tokyo Core Inflation Exceeds BOJ Target
Tokyo annual core inflation rose 2.6 percent in October, staying well above the central bank target and reinforcing expectations for further interest rate hikes by the Bank of Japan.
Annual core inflation in Japan's capital rose 2.6% in October, exceeding the central bank's 2% target. The data underscores mounting price pressure ahead of the BOJ policy announcement on Friday. The persistent increase cements the case for further interest rate hikes following last month's move to a 31-year high.
