Japan inflation falls to BoJ target of 2% | National

April 2024 ยท 1 minute read

Japanese inflation slowed less than expected to two percent in January, data showed Tuesday, hitting the central bank's target and firming expectations of an end to its outlier negative rates policy.

Other major central banks including the US Federal Reserve have hiked borrowing costs because of rising prices since Russia's invasion of Ukraine two years ago, and may soon start cutting again.

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