Reported about 6 hours ago
Tokyo's inflation rate rose to 2.2% in November, up from 1.8%, as the government cut energy subsidies, indicating a continuing upward trend in prices that aligns with the Bank of Japan's forecasts. Overall inflation reached 2.6%, driven partly by food prices, while expectations for a potential interest rate hike by the BOJ have increased. Japan's economy shows signs of recovery, with tight job markets and recent industrial production growth, although challenges remain as consumers face diminishing purchasing power.
Source: YAHOO