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Home.forex news reportCore inflation in Tokyo climbed to 2.5%, its fastest annual increase in...

Core inflation in Tokyo climbed to 2.5%, its fastest annual increase in nearly a year

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The data is here from earlier:

Reacpping it:

Core inflation in Tokyo climbed to 2.5%

  • marking its fastest annual increase in nearly a year
  • surpassing the Bank of Japan’s 2% target, fueling market speculation over further interest rate hikes
  • this core consumer price index (CPI) excludes volatile fresh food prices, rose in line with market expectations following a 2.4% increase in December

As a key indicator of nationwide inflation trends, the Tokyo CPI accelerated for the third consecutive month, with its annual rise matching the peak recorded in February last year.

Speculation of a March Bank of Japan interest rate hike is rising. BoJ Depgov Himino spoke Thursday:

Ueda is speaking in a little later today:

This article was written by Eamonn Sheridan at www.forexlive.com.



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