Japan’s core inflation rate hit a four-decade high of 4.2% in January, but the nominee to lead the Bank of Japan said he expected it to fall and didn’t think an interest-rate increase was needed
TOKYO—.
Core consumer prices—which Japan defines as all prices excluding fresh food—rose at the fastest pace since September 1981 but came in slightly below the consensus forecast. It was the 10th consecutive month that inflation exceeded the Bank of Japan’s 2% target.
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