Insignia Consultants | Japan's core inflation hits 19-month high, keeping alive BOJ rate-hike bets
Japan's core inflation hits 19-month high, keeping alive BOJ rate-hike bets
yesterday
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TOKYO, Feb 21 (Reuters) - Japan's core consumer inflation hit 3.2% in January for its fastest pace in 19 months, data showed on Friday, reinforcing expectations that the central bank will keep raising interest rates from levels still seen as low.
Bond yields rose on the data, as markets factor in the chance that the Bank of Japan (BOJ) could hike interest rates more aggressively than initially thought as inflationary pressure mounts.
