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Japan Inflation December 2017

Japan: Core inflation steadies at near three-year high in December

In December, the core consumer price index stayed flat compared to the previous month in seasonally-adjusted terms, contrasting a 0.1% rise in November.

Core inflation remained steady at November’s 0.9% in December, which represented the joint-highest reading since March 2015. The print was in line with market analysts’ expectations. Overall inflation increased from 0.6% in November to 1.0% in December.

Core inflation for Tokyo—available one month in advance of the national figures and thus a leading indicator for countrywide inflation—moderated to 0.7% in January, down from 0.8% in December.

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