TOKYO — Core inflation in Japan's capital accelerated for a third straight month in July, but an index gauging demand-driven price growth slowed, data showed on Friday, complicating the central bank's decision on how soon to raise interest rates.
TOKYO — Core inflation in Japan's capital accelerated for a third straight month in July , but an index gauging demand-driven price growth slowed, data showed on Friday, complicating the central bank's decision on how soon to raise interest rates.The data comes ahead of the Bank of Japan's two-day policy meeting that ends on Wednesday, when its board will debate whether to raise interest rates and lay out details on how it plans to taper its huge bond purchases.
3 percent,' said Marcel Thieliant, head of Asia-Pacific at Capital Economics.Services inflation slowed to 0.5 percent in July from 0.9 percent in June, casting doubt on the central bank's view that rising wages will prod more firms to pass on higher labor costs through price hikes.'Inflation may look high on the surface due to the boost to import prices from a weak yen.
Inflation In Japan's Capital Perks Up In July
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