Japan's core consumer inflation rose to its highest in almost five years in July, while industrial output posted a strong rebound and the jobless rate fell to its lowest level since 2008, data on Friday showed, in the latest signs that a recovery in the world's third largest economy is taking hold.
The core consumer price index (CPI) rose 0.7 percent in July from a year earlier, hitting its highest level since November 2008.
That was just above estimates for a 0.6 percent rise by analysts polled by Reuters and marked the second consecutive month of gains. The news is likely to be welcomed by the Bank of Japan which embarked on aggressive monetary stimulus earlier this year to push the country out of deflation.
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In other data, Japan's seasonally-adjusted unemployment rate meanwhile fell to 3.8 percent in July from 3.9 percent in June, its lowest level since October 2008, while industrial output in the month rose 3.2 percent from a month earlier.