Japan's corporate service inflation hits 3.0%, keeps BOJ rate hike bets alive
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TOKYO : A leading indicator of Japan's service-sector inflation hit 3.0 per cent in February, data showed on Wednesday, keeping alive expectations of further interest rate hikes by the central bank. Service-sector inflation is being closely watched by the Bank of Japan for clues on whether prospects of sustained wage gains will prod firms to continue raising prices, and keep inflation sustainably around its 2 per cent target. The February year-on-year gain in the services producer price index,
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