Inflation in Tokyo slowed more than expected in September, offering support for the Bank of Japan’s view that prices are set to cool further, and thus ultra-easy policy needs to stay in place.
Consumer prices excluding fresh food rose 2.5% in the capital, decelerating from 2.8% in August largely on the back of falling electricity and gas costs, according to the ministry of internal affairs Friday. Economists had forecast a reading of 2.6%.
Tokyo data is a leading indicator of the national trend, suggesting the country’s inflationary momentum is also likely to continue softening. The data firm Teikoku Databank says that consumers are increasingly weary of rising food costs, but price hikes may be significantly reduced from October. A separate concern is the country’s lackluster production against the backdrop of the global economic slowdown. A different report Friday said that factory output was unchanged in August from July.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inflation in Japan's capital slows in SeptemberBy Takahiko Wada and Leika Kihara TOKYO (Reuters) - Core inflation in Japan's capital slowed in September for the third straight month but remained ...
Read more »
‘All of Us Are Dead’ Studio Eyes Public Stock Offering Next YearThe production company behind Netflix Inc.’s teen zombie series All of Us Are Dead is seeking to go public by the second half of next year as it looks to increase production in what has been a hot market for South Korean movies and TV shows.
Read more »
Aurora Cannabis to raise $33.8M in share offering, plans to repay convertible debtEDMONTON — Shares of Aurora Cannabis Inc. were down more than 10 per cent after the cannabis company announced plans to raise $33.8 million in a share offering.
Read more »
Aurora Cannabis to raise $33.8-million in share offering, plans to repay convertible debtAurora Cannabis says Canaccord Genuity has agreed to buy, on a bought deal basis, 46,250,000 shares of the company at a price of 73 cents per share
Read more »
Aurora Cannabis to raise $33.8M in share offering, plans to repay convertible debtShares of Aurora Cannabis Inc. were down more than 10 per cent after the cannabis company announced plans to raise $33.8 million in a share offering.
Read more »
Aurora Cannabis to raise $33M in share offering, plans to repay convertible debtShares of Aurora Cannabis Inc. were down more than 10 per cent after the cannabis company announced plans to raise $33.8 million in a share offering.
Read more »