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Bank of Japan says it sees inflation rising on oil price spike

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Japan's central bank said Thursday it expected inflation to increase because of the "recent rise in crude oil prices" caused by the Middle East war. While Bank officials see the consumer price index easing below two percent thanks to the easing cost of food including rice -- and partly thanks to government measures -- they warned "the rate of increase is then expected to (see) upward pressure, affected by the recent rise in crude oil prices".



Moscow.media
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