The city’s headline inflation rate fell to 1.8% in October from 2.2% the month before, with core inflation also coming in at 1.8%.
Japan also released its October inflation numbers for the capital city of Tokyo on Friday, its last key economic data before the election. The Bank of Japan's monetary policy meeting is due on Oct. 30 and 31.fell to 1.8% in October from 2.2% the month before, with core inflation — which strips out prices of fresh food — also coming in at 1.8%, down from 2%.sfell 0.85% after the inflation report, while the Topix was down 0.89%, on pace for a fifth straight day of losses.
As corporate giants report their quarterly finances in the coming days, one investment bank has suggested that investors bet against two Big Tech stocks. "Power demand is booming, prices are inflecting, and cost to produce clean power has fallen by a third around the world since 2023, and more so in Asia," the investment bank's analysts outlined in an Oct. 23 note.
"We have signaled that investors should expect market volatility in the lead-up to the US presidential election, and the S&P 500 was sitting at a record high before the declines in recent days. As 5 November inches closer, market sentiment is likely to stay vulnerable," Marcelli wrote.
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