Japan's core inflation slows in October, but stays above BOJ target

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TOKYO : Japan's core consumer prices in October rose 2.3 per cent from a year earlier, slowing from September's pace but continuing to exceed the central bank's 2 per cent target in a sign conditions for further interest rate hikes were falling in place.

FILE PHOTO: A woman looks at items at a shop in Tokyo, Japan, March 24, 2023.

The slowdown was mostly due to the base effect of last year's government decision to halve subsidies aimed at curbing fuel costs, which bumped up fuel prices from October 2023.

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Article Details

Category: EconomyBusiness

Markets: SingaporeJapanOman

Topics: Bank March Prices Cent Japan Rates October September Year Target Central

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-22 @ 07:31:50 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 391 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 17 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 23750496

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