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flag Japan's core inflation rate slowed to 2.3%, with food prices rising despite government subsidies.

flag Japan's core inflation rate, excluding fresh food, slowed to 2.3% year-over-year in October, marking a second consecutive month of deceleration. flag This decline is partly due to government subsidies that have helped reduce energy costs. flag Despite the slowdown, inflation remains above the Bank of Japan's 2% target. flag Food prices, particularly rice and chocolate, saw significant increases, while service prices also rose. flag 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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