Japan core CPI up 0.7 pct yr/yr in July, fastest rise in nearly 5 yrs

Japan’s core consumer prices rose 0.7 percent in July from a year earlier, marking the second straight month of gains and hitting a near-five year high, data showed on Friday, boding well for the central bank’s efforts to eradicate deflation. The rise in the core consumer price index, which inclu…

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