Tokyo's core consumer prices rose 2.5% in February, exceeding the Bank of Japan's 2% target.
Tokyo's core consumer prices rose 2.5% in February compared to the previous year, marking a re-acceleration above the Bank of Japan's 2% inflation target. The rise follows the fading impact of government fuel subsidies in January. The data indicates a potential case for the central bank's first interest rate hike since 2007, as Tokyo's figures serve as a leading indicator for the nationwide data, expected later this month.
March 05, 2024
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