Core inflation in Japan's capital hits 1-year high, keeps BOJ rate-hike bets alive
Flavius Niculescu
TOKYO: Core inflation in Japan's capital hit 2.5 per cent, marking the fastest annual pace in nearly a year, well exceeding the central bank's 2 per cent target and keeping alive market expectations for further interest rate hikes. The data released on Friday (Jan 31) follows the Bank of Japan's decision last week to raise interest rates to 0.5 per cent, the highest since the 2008 global financial crisis but still far below that of other major economies. The increase in the Tokyo core consumer
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