Core Inflation in Japan's Capital Accelerates in November

JAPAN - TOKYO. Core consumer inflation in Japan's capital accelerated in November and stayed above the central bank's 2% target in a sign of broadening price pressure, data showed on Friday, keeping alive market expectations for a near-term interest rate hike.

The yen rose against the dollar after the data, as market players braced for the possibility the Bank of Japan (BOJ) will raise short-term interest rates from the current 0.25% at its next policy meeting in December.

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