Japan’s Core Inflation Dips Below BOJ’s 2% Target For First Time In Five Months
Core inflation in Japan’s capital fell below the central bank’s 2% target for the first time in five months, data released on Friday revealed. This dip may complicate the Bank of Japan’s (BOJ) efforts to raise interest rates further. The Tokyo core consumer price index (CPI), which excludes volatile fresh food costs, rose 1.8% year-on-year […]