Tokyo's Rising Rents Show Inflation Cycle Deepening for BOJ
Rents in the capital climbed 1.3% from a year earlier in April and May for the largest gains since 1994, according to the Ministry of Internal Affairs. While the growth may seem modest compared with core inflation in the capital of 3.6% or soaring rents worldwide, it still suggests the inflation cycle has finally reached rented property in Japan. That's after decades of stagnation following the bursting of an asset bubble in the early 1990s.
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