Japan's October CPI up 2.9%, service prices see quickest gain in 30 yrs

Japan's core consumer inflation accelerated to 2.9 percent in October from a year earlier, with services prices marking the fastest gain in three decades, government data showed Friday, keeping up pressure on the Bank of Japan as the key gauge has remained above its target for well over a year.The pace of increase in the nationwide core consumer price index excluding volatile fresh food items rose from 2.8 percent in September, as the government scrambles to ease the pain of higher prices on households with new inflation relief measures.The closely watched gauge of inflation was above the B…READ FULL ARTICLE