The Consumer Price Index increased by 4 percent in Tokyo, December

10 January 2023

Core consumer prices in Japan's capital, a leading indicator of nationwide trends, rose a faster-than-expected 4.0% in December from a year earlier, exceeding the central bank's 2% target for a seventh straight month in a sign of broadening inflationary pressure. The increase, which was the fastest pace in four decades, will likely underpin market expectations the Bank of Japan may phase out its massive stimulus. The last time Tokyo inflation was faster was April 1982, when the core CPI was 4.2% higher than a year before.
Source:  Reuters
Post by: Republic of Türkiye Ministry of Trade