Consumer prices in Japan’s capital, Tokyo, rose 3.6 percent in November from the previous year, the fastest pace since 1982, owing to a weaker yen and higher energy prices, government data showed on Nov. 25.
Tokyo’s core consumer price index (CPI), which excludes fresh food items, exceeded the Bank of Japan’s (BOJ) 2 percent target for the sixth consecutive month, indicating persistent inflationary pressures, Kyodo News reported.
The rise exceeded the 3.5 median market forecast and the 3.4 percent increase seen last month. The last time Tokyo experienced faster inflation was in April 1982, when the core CPI was 4.2 percent higher than the previous year….