Tokyo's core inflation surged in June, driven by rising energy costs stemming from the Middle East conflict. This acceleration signals broadening price pressures, prompting the Bank of Japan to consider further interest rate hikes. While some economists express caution about the extent of these pressures, the central bank is closely monitoring the situation as it navigates policy normalization amidst global economic uncertainties.
Tokyo's core inflation accelerated in June, primarily due to rising energy costs linked to the Middle East conflict. This indicates broadening price pressures, prompting the Bank of Japan to consider further interest rate hikes. The central bank is carefully monitoring the…
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