Japan’s core inflation accelerates, keeps BOJ rate-hike chance alive

Quick Summary:

The nationwide core consumer price index rose 2.7 per cent in November from a year earlier.

The BOJ’s decision to stand pat and governor Kazuo Ueda’s doveish comments drove the dollar to a five-month high of 157.80 yen on Dec 20.

Renewed yen declines could pressure prices higher by pushing up import costs.

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Article Details

Category: EconomyBusiness

Markets: SingaporeJapan

Topics: Data Pressure Cent Raise Inflation November Food Hike Bank Costs Rates

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-20 @ 11:10:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 507 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 34 words per sentence (average)

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Copyright Owner: © The Straits Times

News ID: 24564152

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