Japan Nov. core consumer prices rise 3.0% on year, above BOJ target

Japan's core consumer prices in November rose 3.0 percent from a year earlier, driven higher by food and energy prices, government data showed Friday, focusing attention on how the Bank of Japan will react with the inflation rate remaining above its 2 percent target.The increase in the nationwide consumer price index, excluding volatile fresh food, followed a 3.0 percent rise in October. The inflation rate has remained at or above the BOJ's 2 percent target since April 2022, and the bank has maintained the need to normalize interest rates to ensure price stability.Core-core CPI, which strip…READ FULL ARTICLE