Reported 12 months ago
In June, core inflation in Tokyo, Japan increased to 2.1% due to higher fuel costs and the impact of a weak yen on import prices. The data supports expectations for an interest rate hike by the Bank of Japan, as rising import costs may lead to inflation exceeding the 2% target. Additionally, national factory output rebounded in May, giving hope for economic recovery. Analysts predict the BOJ may raise rates soon to combat inflation and maintain economic stability.
Source: YAHOO