Core inflation in Japan's capital slows below BOJ's 2% target in test for policy
Inflatie
TOKYO, Feb 27 : Annual core inflation in Tokyo slowed in February, running below the Bank of Japan's 2 per cent target for the first time in 16 months, data showed on Friday, potentially heightening friction between the central bank and the government on the future path of rate hikes. The data is in line with the BOJ's projection that consumer inflation will temporarily slow due to the impact of fuel subsidies and the base effect of last year's spike, before reaccelerating on steady wage gains.
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