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Japanese inflation rises 0.5% for second month as fuel costs surge

CPI growth at fastest pace in almost two years but remains below BOJ's 2% target

Japanese consumers in December paid 0.5% more for goods and services than they did 12 months earlier. Tokyo's popular Ginza shopping district.   © AP

TOKYO (Financial Times) -- Japanese inflation rose 0.5% last month compared to the previous year, increasing at its fastest pace in almost two years for a second consecutive month as rising energy costs added to pressure on households.

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