Japan's Nov core consumer prices rise at fastest pace YoY since 1981
26 Dec 22 1 min read
The figure is, however, well below the levels witnessed in the United States, the United Kingdom and elsewhere.
"Although low by international standards, Japanese consumer price inflation at three percent to four percent is high enough to feel uncomfortable with stagnant wage growth," wrote Sarah Tan, economist at Moody's Analytics, was quoted as saying in a note by a global newswire.
Since the year began, the headline core consumer price index (CPI) has risen consistently, exerting pressure on the Bank of Japan to tweak its longstanding monetary easing policies. The central bank sees the recent price rises as temporary and feels there is no reason to change course now.
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- Japan likely to keep growing at pace above potential growth rate: BOJ
- Median inflation expectations in EU over next 12 months at 3% in March
It is widely expected by analysts that price rises in the country will peak around the end of the year or early next year.
Fibre2Fashion News Desk (DS)
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