Tokyo CPI inflation up more than expected in Oct as BOJ meeting looms
Investing.com-- Inflation in Japan’s capital grew more than expected in October, coming just a few days before a Bank of Japan meeting where investors expect more signals on a potential pivot away from its ultra-dovish policy. inflation- which excludes volatile fresh food prices- grew 2.7% at an annualized pace in October, data from the Statistics Bureau showed on Friday. The data beat expectations that inflation would remain at the 2.5% rate seen in September.
Tokyo CPI inflation usually acts as a precursor to nationwide inflation, given that the greater Tokyo area is by far the biggest contributor to Japanese economic growth.
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