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Japan's core inflation rate slowed to 2.3%, with food prices rising despite government subsidies.
Japan's core inflation rate, excluding fresh food, slowed to 2.3% year-over-year in October, marking a second consecutive month of deceleration.
This decline is partly due to government subsidies that have helped reduce energy costs.
Despite the slowdown, inflation remains above the Bank of Japan's 2% target.
Food prices, particularly rice and chocolate, saw significant increases, while service prices also rose.
Economists predict a possible rate hike at the BOJ's December meeting if inflation and the economy continue to grow as expected.
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La tasa de inflación básica de Japón se ralentizó hasta el 2,3%, con los precios de los alimentos subiendo a pesar de los subsidios gubernamentales.