Faster Tokyo inflation lifts yen, supporting BOJ rate hike case
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Inflation in the Tokyo area rose at a faster pace, supporting the case for the Bank of Japan to keep raising interest rates gradually and giving the yen a boost. Consumer prices excluding fresh food gained 2.8% in October from a year earlier in the capital, the internal affairs ministry said Friday, with the main driver being water charges. The median economist estimate in a survey was for a 2.6% increase after the gauge rose 2.5% in September. The pace of price gains has stayed at or above the
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