Japan’s headline inflation rate dropped to 2.3% in October, the lowest level since January, while the core inflation rate, excluding fresh food prices, also fell to 2.3% from September’s 2.4%. Despite being slightly higher than expected, the weak inflation figures suggest that the Bank of Japan may need to maintain an easy monetary policy stance. Economists predict a potential 25 basis point rate hike at the December meeting, with Governor Kazuo Ueda stating that sustained wage-driven inflation is on the horizon and cautioning against keeping borrowing costs too low.
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Tech secretary suggests Nigel Farage is on side of Jimmy Savile over online law
Science Secretary Peter Kyle accused Nigel Farage of siding with online predators, referencing the Online Safety Act, which aims to protect children by introducing age verification for adult content. Farage condemned the remarks as "disgusting," while his party argues the act does not enhance child safety, with a petition for its repeal amassing over 380,000 signatures. Want More Context? 🔎
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