Japan inflation eases to 3.7% in February, down from a two-year high

Japan’s headline inflation rose 3.7% year on year in February, slightly lower than January’s 4%. Core inflation, excluding fresh food prices, was at 3%, below expectations of 3.2%, while “core-core” inflation reached 2.6%. The Bank of Japan held interest rates steady, expecting gradual CPI inflation increases, especially with strong wage hikes and exchange rate developments affecting prices.

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