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Tokyo Consumer Prices Rise 2.8% On Year In September
(RTTNews) - Overall consumer prices in the Tokyo region of Japan were up 2.8 percent on year in September, the Ministry of Communications and Internal Affairs said on Tuesday.
That was in line with expectations and down from 2.9 percent in August.
Core consumer prices accelerated 2.9 percent on year, exceeding expectations for an increase of 2.8 percent and up from 2.6 percent in the previous month.
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The Bank of Japan maintained its interest rate but lifted its inflation outlook due to rising food prices, which had added expectations of an rate hike as soon as in October.
The policy board unanimously decided to hold the uncollateralized overnight call rate to remain at around 0.5 percent.
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