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Hot Tokyo CPI Keeps Pressure On BoJ To Resume Hikes

by Felix-Antoine Vezina-Poirier, Chief Strategist  

The October Tokyo CPI surprised to the upside, keeping pressure on the BoJ to resume rate hikes despite political pressures. Headline inflation rose to 2.8% from 2.5%, with both CPI ex-fresh food and “core core” (ex-fresh food and energy) also accelerating…

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