Tokyo Prices Heat Up Again, Supporting Case for BOJ Rate Hike
2 min read
Price growth in Tokyo surged back above the Bank of Japan’s target in February, a jump that supports the case for the central bank’s first interest rate hike since 2007.
Author of the article:
Published Mar 04, 2024 • 2 minute read
Article content
(Bloomberg) — Price growth in Tokyo surged back above the Bank of Japan’s target in February, a jump that supports the case for the central bank’s first interest rate hike since 2007.
Consumer prices excluding fresh food rose 2.5% in the capital, re-accelerating after cooling in January to a revised 1.8%, the ministry of internal affairs said Tuesday. The reading matched economists’ estimates. The pickup largely reflected the fading impact of government subsidies rolled out last year to keep a lid on utility costs.
Advertisement 2
Bloomberg News
2024-03-04 19:13:42
All news and articles are copyrighted to the respective authors and/or News Broadcasters. VIXC.Com is an independent Online News Aggregator
Read more from original source here…
