Japan's core inflation steady above BOJ target, service prices firm
Bogdan Hofbauer
TOKYO :Japan's core inflation in October held above the central bank's 2 per cent target and a key index stripping away the effect of fuel accelerated, data showed on Friday, keeping pressure on the central bank to raise its still-low interest rates. The data also showed continued gains in service prices, which are closely watched by the Bank of Japan (BOJ) for clues on whether firms were passing on rising labour costs, suggesting conditions for further rate hikes were falling into place. The
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