TOKYO : Core inflation in Japan's capital slowed in July but remained well above the central bank's 2 per cent target, data showed on Friday, keeping pressure on policymakers to dial back ultra-loose monetary policy.The data for Tokyo, which is seen as a leading indicator of nationwide trends, comes ahead
TOKYO : Core inflation in Japan's capital slowed in July but remained well above the central bank's 2 per cent target, data showed on Friday, keeping pressure on policymakers to dial back ultra-loose monetary policy.
The Tokyo core consumer price index , which excludes volatile fresh food but includes fuel costs, rose 3.0 per cent in July from a year earlier, compared with a median market forecast for a 2.9 per cent gain. It followed a 3.2 per cent rise in June.
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