Japan's Inflation Accelerates, Bolstering Case for BOJ Rate Hike
Japan's core inflation rate accelerated in July, reaching 1.8% year-on-year, strengthening the Bank of Japan's argument for a potential interest rate hike. The rising inflation figures indicate growing price pressures.
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Japan’s inflation picks up, backing BOJ’s case for rate hike
The consumer price index excluding fresh food rose 1.8% in July from a year earlier, picking up from a 1.6% advance in the previous month.
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