Japan Core Inflation Exceeds BOJ’s 2% Target for First Time in Nine Months
Japan’s annual core consumer inflation exceeded the Bank of Japan’s 2% target in September for the first time in nine months, data showed Friday. The report said the figures strengthened the case for a near-term rate hike.
By Leika Kihara and Takahiko WadaJapan's annual core consumer inflation exceeded the central bank's 2% target in September for the first time in nine months, data showed on Friday, a sign of broadening price pressure that cements the case for a near-term interest rate hike.The figures underscored h…