Reported about 9 hours ago
Inflation in Tokyo has slowed more than anticipated, primarily due to government subsidies aimed at mitigating energy costs. Consumer prices, excluding fresh food, rose 2.2% in February compared to the previous year, slightly below the median estimate of 2.3%. Despite this slowdown, the Bank of Japan is likely to continue increasing interest rates, as core inflation remains steady. Some signs of economic growth persist, although private consumption has slowed amid rising living costs. The overall inflation rate in Tokyo dropped to 2.9% in February from 3.4% the month prior.
Source: YAHOO