Core inflation in Japan’s capital slowed in November, underscoring the central bank’s view that cost-push pressures in the world’s third-largest economy will gradually dissipate.
While service prices – in focus as the central bank looks for signs of wage-driven inflation – marked their fastest pace of increase since 1994, analysts attributed the climb to a spike in hotel fees amid an influx of tourists.
The core consumer price index (CPI), which excludes volatile fresh food but includes fuel costs, for Tokyo rose 2.3 per cent in November from a year earlier, government data showed on Tuesday, slightly below a median market forecast for a 2.4pc gain.
Japan income fund, JPMorgan Japan Small Cap Growth & Income (LONJSGI), targets Japan income without compromising on Japanese growth opportunities. This Japan income investing opportunity gives investors access to a diverse and fast growing sector managed by local managers.