Core inflation in Japan's capital slips in October

By Reuters

Oct 26, 2024 12:14 am

TOKYO — Core inflation in Japan's capital in October dipped below the central bank's 2-percent target for the first time in five months, data showed on Friday, potentially complicating the central bank's quest to raise interest rates further.

Closely watched services inflation this month also slowed, casting doubt on the Bank of Japan's (BoJ) expectations that higher wages would broaden cost pressure beyond goods and keep price rises durably around its 2-percent target.

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