TOKYO: Core inflation in Japan's capital accelerated for a fourth straight month in August, data showed on Friday, tracking comfortably above the central bank's 2% target and backing market expectations of more interest rate hikes ahead.
The Tokyo core consumer price index (CPI), which excludes volatile fresh food costs, rose 2.4% in August from a year earlier, faster than a median market forecast of 2.2% and the 2.2% gain in July.
