Japan's corporate service inflation hits 3.0%, keeps BOJ rate hike bets alive

Quick Summary:

TOKYO : A leading indicator of Japan's service-sector inflation hit 3.0 per cent in February, data showed on Wednesday, keeping alive expectations of further interest rate hikes by the central bank.

A Reuters poll showed many analysts expect the BOJ's next rate hike to come in the third quarter, most likely in July.

FILE PHOTO: A crowd of tourists walk on the street near Kiyomizu-dera temple in Kyoto, western Japan March 30, 2023.

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Article Details

Category: EconomyBusiness

Markets: SingaporeJapan

Topics: Cent Service Services Corporate Japan Inflation Bank Showed Rate Hits

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-26 @ 08:01:57 (4 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 284 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 22 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 27340935

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