Reported 12 days ago
Japan's core consumer prices rose by 3.0% year-on-year in December, reaching the highest increase in 16 months and likely prompting the Bank of Japan to raise short-term interest rates from 0.25% to 0.5%. The inflation uptick is primarily attributed to the end of government utility subsidies and persistently high food prices, as well as maintaining expectations for further rate increases due to sustained domestic demand.
Source: YAHOO