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Core consumer prices in Japan's capital rise faster-than-expected
Core consumer prices in Japan's capital rose 2.8 per cent in October from a year earlier, data showed on Friday, staying above the central bank's 2 per cent target and keeping alive market expectations for a near-term interest rate hike. The increase in the Tokyo consumer price index (CPI), which excludes volatile fresh food costs, compared with a median market forecast for a 2.6 per cent gain. It followed a 2.5 per cent rise in September. A separate index for Tokyo that strips away both fresh food and fuel costs - closely watched by the BOJ as a measure of domestic demand-driven prices - rose 2.8 per cent in October ... (full story)