Core consumer inflation in Japan's capital stayed well above the central bank's 2 per cent target in July, data showed on Friday, adding to renewed market expectations for another interest rate hike this year. The data will be among factors the Bank of Japan will scrutinise at its next rate review on July 30-31, when the board is expected to revise up this fiscal year's inflation forecast in a quarterly review of its projections. The Tokyo consumer price index (CPI), which excludes volatile fresh food costs, rose 2.9 per cent in July from a year earlier, government data showed, slightly below a median market forecast ... (full story)