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BUSINESS Fri 23 Oct 07:10
Japan inflation accelerates, paving
way for rate hike
Inflation in Japan accelerated sharply
in September, official data showed
today, rising above the Bank of
Japan's target level and paving the
way for a further interest rate hike.
The acceleration was driven in
particular by rising prices for
processed foods against a backdrop of
soaring energy costs due to conflict
in the Middle East.
Excluding volatile fresh produce,
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