Tokyo inflation rises to 2.6 percent as energy subsidies decline

Tokyo's inflation rate in November increased to 2.6%, driven by higher food prices and the reduction of government energy subsidies.

Consumer prices, excluding fresh food, rose by 2.2% year-on-year, surpassing economists' expectations of a 2% increase. This aligns with the Bank of Japan's projections and indicates a sustained trend in price growth.

The yen strengthened against the dollar following the release of the inflation report, reflecting market reactions to the latest economic data.

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