TOKYO: Core inflation in Japan's capital hit 2.5% to mark the fastest annual pace in nearly a year, data showed on Friday, well exceeding the central bank's 2% target and keeping alive market expectations for further interest rate hikes.
The data came in the wake of the Bank of Japan's decision last week to raise interest rates to 0.5%, the highest since the 2008 global financial crisis but still far below that of other major economies.
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