Core inflation in Japan's capital slips below BOJ's target

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TOKYO :Core inflation in Japan's capital in October dipped below the central bank's 2 per cent target for the first time in five months, data showed on Friday, potentially complicating the central bank's quest to raise interest rates further. Closely watched services inflation this month also slowed, casting doubt on the Bank of Japan's expectations that higher wages would broaden cost pressure beyond goods and keep price rises durably around its 2 per cent target. The Tokyo core consumer price

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Core inflation in Japan's capital slips below BOJ's target https://www.channelnewsasia.com/ - 25.10.2024 05:01

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Core inflation in Japan's capital slips below BOJ's target https://www.channelnewsasia.com/ - 25.10.2024 05:01