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Asia-Pacific Markets Trade Mixed, Investors Assess Japan Inflation and Singapore GDP Data
Reported Earlier, Au Jibun Bank Japan Services Purchasing Managers' Index Preliminary For November 50.2 Vs. 49.7 Prior
Reported Earlier, Japan National Core Consumer Price Index (YoY) For October 2.3% Vs. 2.2% Est.; 2.4% Prior
Japan's Headline Inflation Rate Slows to 2.3% in Oct, Core Inflation Also Drops to 2.3% Above Forecast
Amid expectations of interest rate hikes, japan's inflation in October remained higher than the central bank's target.
The Japanese government reported on Friday that consumer prices excluding fresh food rose by 2.3% year-on-year in October, lower than the 2.4% in September. This increase was higher than the market's general expectation of 2.2%. The index, excluding energy costs and fresh food prices, rose by 2.3%, higher than the 2.1% in September.
Express News | In Japan, the year-on-year core CPI for October is 2.3%, expected to be 2.2%, and the previous value was 2.4%.