TOKYO : Core consumer prices in Japan's capital, a leading indicator of nationwide trends, rose 3.3 per cent in February from a year earlier, slowing sharply from a nearly 42-year peak hit last month in a sign the boost from rising raw material costs may be ebbing.But inflation in Tokyo still exceeded the
TOKYO : Core consumer prices in Japan's capital, a leading indicator of nationwide trends, rose 3.3 per cent in February from a year earlier, slowing sharply from a nearly 42-year peak hit last month in a sign the boost from rising raw material costs may be ebbing.
It followed a 4.3 per cent increase in January, which was the fastest year-on-year increase since May 1981, government data showed on Friday. An index for Tokyo excluding both fuel and fresh food costs,which is closely watched by the BOJ as a gauge of price pressures driven by domestic demand, was 3.2 per cent higher in February than a year earlier, picking up from January's 3.0 per cent rise.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BOJ's Takata: Must 'patiently' maintain ultra-loose policyTOKYO : Bank of Japan (BOJ) board member Hajime Takata said on Thursday the central bank must 'patiently' maintain its ultra-loose monetary policy, as Japan has yet to see inflation sustainably hit the bank's 2 per cent target backed by wage hikes.While Japan's economy is headed for a moderate recovery, i
Read more »
Indonesia's Feb inflation rises, but core inflation slows more than expectedJAKARTA : Indonesia's annual inflation picked up slightly in February, but its core inflation decelerated more than expected, data from its statistics bureau showed on Wednesday.The Consumer Price Index rose 5.47 per cent on a yearly basis in February, roughly in line with the median forecast in a Reuters
Read more »
Japan factory activity shrinks the most in 2-1/2 yearsTOKYO : Japan's factory activity shrank in February at the fastest pace in over two years, a private survey showed, highlighting companies' struggles amid a global economic slowdown, raw material inflation and policymakers' calls for higher wages.The final au Jibun Bank Japan Manufacturing Purchasing Mana
Read more »
Japan can achieve 90% clean power share by 2035, US study findsTOKYO : A decline in the cost of solar, wind and battery storage means Japan can get 90 per cent of its power from clean electricity by 2035, a study by the Lawrence Berkeley National Laboratory, backed by the U.S. energy department, showed on Wednesday.The study also finds Japan's power grid, with extra
Read more »
Japan’s birth rate plunges to a record low in 7th year of declineThe lack of births will reduce Japan's workforce and taxpayers in the world’s third-largest economy. Read more at straitstimes.com.
Read more »
Japan inn sorry for changing communal bathwater twice a yearMr Makoto Yamada, president of the company that operates the nearly 160-year-old inn, said the facility had neglected to keep the water hygienic by using enough chlorine. He 'didn't like the smell' of the chemical, he said at a press conference.
Read more »