Tokyo core inflation rate nears 42-yr high at 4.3% in Jan.

Core consumer prices in Tokyo rose 4.3 percent from a year earlier in January, hitting the highest level in nearly 42 years, as widespread price hikes in food, energy and other items deal a blow to households, government data showed Friday.The core consumer price index, excluding volatile fresh food items, for the Japanese capital remained above the Bank of Japan's 2 percent inflation target for the eighth straight month and adds pressure on the central bank to tighten monetary policy. The pace of increase accelerated from last month when the inflation rate was 3.9 percent.Core CPI for Toky…READ FULL ARTICLE