Indicators
Tokyo Inflation Accelerates, Supporting Case for BOJ Rate Hike
- Price growth bumped up largely on phasing out of subsidies
- Slew of data points to ongoing patchiness in recovery
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Inflation in Tokyo accelerated for a second month in December while the labor market remained tight, results that largely keep the Bank of Japan on track for an interest rate hike next year.
Consumer prices excluding fresh food rose 2.4% in the capital, quickening from growth of 2.2% the previous month, the Ministry of Internal Affairs reported Friday.