Tokyo Core Inflation Rises 1.8 Percent in August
Tokyo annual core inflation accelerated for the third straight month in August. The data strengthens market expectations for a Bank of Japan interest rate hike next month.
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Tokyo annual core inflation rose 1.8% in August, beating forecasts of 1.7% and creeping near the central bank's 2% target. The acceleration follows a 1.7% rise in July across Japan. The data reinforces expectations for an interest rate hike as soon as next month, putting pressure on USD/JPY markets.
