Reported about 20 hours ago
Core inflation in Tokyo accelerated in December, leading to sustained market expectations for a near-term interest rate hike by the Bank of Japan (BOJ), despite a decline in factory output raising concerns over economic strength. The Tokyo core consumer price index rose 2.4% year-on-year, driven by higher utility and food prices. Analysts remain cautious, noting potential weaknesses in the economy that could delay rate hikes, as the BOJ monitors data leading up to its next policy meeting.
Source: YAHOO