Japan's core inflation hits more than 2-year high, could force year-end BOJ hike


FILE PHOTO: A vendor prepares food for sale inside a stall at Tsukiji Outer Market in Tokyo, Japan, August 12, 2024. - Reuters

TOKYO: Japan's core inflation accelerated at its fastest annual pace in more than two years in April, data showed on Friday, raising the odds of another interest rate hike by year-end.

The data underscores the Bank of Japan's predicament of balancing price pressures from persistent food inflation against growth headwinds from U.S. President Donald Trump's tariffs.

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