As per Bpaynews, Tokyo's core CPI remained at 2.8% year over year in November, unchanged from October and above expectations, reinforcing expectations that the Bank of Japan (BOJ) may advance its normalization path. The yen, near 10-month lows, adds pressure as further depreciation risks amplifying imported inflation. Industrial output rose 1.4% in October, but manufacturers project declines in November and December due to external demand and tariff headwinds. Retail sales and employment data showed domestic resilience, while BOJ officials warn of inflation becoming entrenched if tightening is delayed. FX traders kept USD/JPY supported, though volatility edged higher on the prospect of a tighter BOJ stance.
Tokyo Core CPI Holds at 2.8% as Yen Hits 10-Month Lows, Nudging BOJ Toward Tightening
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