Economic news

Japan inflation accelerates to 0.5% in July

Japan's core consumer prices increased 0.5 percent in July year-on-year, according to data from the Ministry of Internal Affairs and Communications.

The growth rate was the highest since March 2015, positive dynamics have been observed for seven consecutive months.

Consumer prices excluding food and energy in July rose by 0.1%.

The Bank of Japan predicts inflation to jump to 2 percent in the fiscal year ending in March 2020.

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