Japan's core inflation slows in September on fuel subsidies

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Japan's core inflation slows in September on fuel subsidies
Bank Of JapanGovernment SubsidiesCore Consumer
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Japan's core consumer prices rose 2.4% in September from a year earlier, data showed on Friday, slowing from the previous month due to the roll-out of...

TOKYO - Japan 's core consumer prices rose 2.4% in September from a year earlier, data showed on Friday, slowing from the previous month due to the roll-out of temporary government subsidies to curb energy prices.

An index that strips away the effect of fuel and fresh food prices rose 2.1% in September from a year earlier, after a 2.0% gain in August, the data showed. Japan's core consumer inflation has exceeded the BOJ's 2% target for well over two years, prodding the central bank to end negative rates in March and raise short-term rates to 0.25% in July.

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