Japanese consumer prices increased in July at the fastest rate in over four years, a development that may reassure the Bank of Japan it is making progress in sparking inflation while at the same time putting a strain on households.
TOKYO—Japan's consumer prices rose in July at the sharpest pace in over four and a half years, while key jobs data improved to a high of nearly five years, developments that will likely reassure Tokyo's policy makers as they try to put an end to 15 years of deflation.
But amid stagnant wage growth, the 0.7% year-on-year increase in the core Consumer Price Index, the second straight monthly gain, also puts a strain on households.
"It's further proof that the Japanese economy is solidly recovering," Mizuho Securities Research and Consulting senior economist Norio Miyagawa said. "The next challenge is how ...
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