Inflation in Japan's capital accelerates, keeps rate hike prospects intact


Pedestrians cross an intersection in the Shibuya district of Tokyo, Japan, on Saturday, Aug. 10, 2024. - Photographer: Shiho Fukada/Bloomberg

TOKYO: Core inflation in Japan's capital accelerated in December while services inflation held steady, data showed on Friday, keeping alive market expectations for a near-term interest rate hike.

Factory output, however, fell in November for the first time in three months, suggesting that softening overseas demand was taking a toll on the export-reliant economy.

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Japan , inflation , Tokyo , interest rate , BOJ

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