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.