Tokyo Inflation Rises Faster than Expected, Adding Pressure on BOJ

Tokyo's core CPI rose 2.7% in October, exceeding forecasts and indicating broadening inflation.

Core-core CPI rose 3.8% in October, showing price pressures are spreading beyond goods.

Data may lead BOJ to upgrade its inflation forecasts at next week's meeting.

BOJ remains dovish compared to other major central banks, keeping ultra-loose policy.

Pressure mounting on BOJ to adjust its yield curve control policy amid rising global interest rates.