Annual core inflation in Tokyo accelerated for a third consecutive month in August, reinforcing expectations that the Bank of Japan (BOJ) could raise interest rates as early as September, Reuters reported.
According to Reuters, government data released on Friday showed Tokyo's core consumer price index (CPI), which excludes volatile fresh food prices, rose 1.8% from a year earlier in August. The increase was slightly above the 1.7% rise economists expected and brought inflation closer to the BOJ's 2% target.
