Tokyo's Inflation Likely Exceeds 2% in November: Reuters Poll

Reported about 12 hours ago

According to a Reuters poll, consumer inflation in Tokyo for November likely surpassed the Bank of Japan's 2% target, driven by reduced fuel subsidies and rising food costs. The core consumer price index is expected to rise to 2.1%, up from 1.8% in October, signalling an increase in food prices and the effects of government measures fading. Nationwide, Japan's core CPI was 2.3% in October, while industrial output showed a 3.9% increase.

Source: YAHOO

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