Inflation & Prices
Hottest Tokyo Prices Since 1992 Ramp Up Heat on BOJ Messaging
- Acceleration in Tokyo inflation complicates BOJ communication
- Economists don’t see Kuroda shifting policy through term-end
Customers shop at a fruit and vegetable stall inside the Hachioji Wholesale Center in Tokyo earlier in August.
Photographer: Kiyoshi Ota/BloombergThis article is for subscribers only.
The cost of living in Tokyo rose at a quicker-than-expected pace in August to reach the fastest clip since 1992 excluding tax-hike years, adding to the communication challenges for the Bank of Japan.
Consumer prices excluding fresh food rose 2.6% in the capital this month, according to the ministry of internal affairs Friday. The gain beat economists’ forecast of a 2.5% increase.