"The core consumer price index in Japan, which excludes fresh food but includes fuel costs, increased by 2.8% year-on-year in August 2024, posting the highest reading since February and matching market expectations. The core inflation gauge also accelerated for the fourth consecutive month following a 2.7% gain in July. Japan’s core inflation rate remains well above the Bank of Japan’s 2% target for over two years now, supporting the central bank’s hawkish shift this year."
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