Tokyo Inflation Eases More Than Expected, Bank of Japan Likely to Maintain Rate Hikes

According to ChainCatcher, Tokyo's inflation rate has eased more than anticipated as pressures from food and energy prices diminish. However, this is unlikely to deter the Bank of Japan from continuing its interest rate hikes. Data released by Japan's Ministry of Internal Affairs on Friday shows that the consumer price index (CPI) for Tokyo, excluding fresh food, rose by 2. 3% year-on-year in December, a noticeable slowdown from the previous month's 2 source: https://www.binance.com/en/square/post/34210827564202?utm_source=BinanceNewsRSS