The so-called "core core" index that strips away both fresh food and fuel prices - closely watched by the BOJ as a gauge of broader price trends - rose 3.8% in October from a year earlier after a 3.9% increase in September, the data showed. Services prices rose 2.1% year-on-year in October, faster than a 1.9% gain in September, suggesting that prospects of higher wages could broaden inflationary pressure beyond goods.
ps: I included Japan in my list of inflation inputs earlier in the year. It's worth noting for Y0Dumbo that these things take time to play out and the longer the time frame then "higher for longer" remains true...
