Japan's core inflation rate hits 3.2 percent in January
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TOKYO Japanese inflation accelerated in January, further pressuring households as prices excluding fresh food rose 3.2 percent on-year, government data showed on Feb. 21. Speculation is growing that the Bank of Japan may hike interest rates again to counter rising prices and as part of its retreat from years of aggressive monetary easing to boost the moribund Japanese economy . The core Consumer Price Index (CPI) was above market expectations of a 3.1 percent rise, and accelerated from 3
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