Summary: Tokyo’s inflation held steady at 2.8% in November, driven by rising electricity costs and slower increases in processed food prices. This data, coupled with a 1.4% rise in industrial output, reinforces the Bank of Japan’s (BOJ) confidence in the economy and the likelihood of an interest rate hike in December or January. Despite the government’s economic stimulus package, concerns about rising costs of living persist, with real wages falling for nine consecutive months.

Link: https://www.theedgesingapore.com/news/global-economy/tokyo-inflation-beats-forecast-keeping-boj-rate-hike-path