Japan’s corporate service inflation remains steady

Many analysts expect Japan’s economy to sustain a moderate recovery and help keep inflation around the central bank’s 2% target. — Reuters

TOKYO: A leading indicator of Japan’s services sector inflation held near 3% in October, data shows, offering further evidence that conditions for another near-term interest rate hike by the Bank of Japan (BoJ) are falling into place.

While uncertainty over US President-elect Donald Trump’s policies clouds the outlook, many analysts expect Japan’s economy to sustain a moderate recovery and help keep inflation around the central bank’s 2% target.