东京11月通胀持稳，日本央行加息路径更明

Group 1 - Tokyo's November inflation rate remains stable, with the core consumer price index (CPI) excluding fresh food rising by 2.8% year-on-year, driven by increased electricity costs, slightly above economists' median estimate of 2.7% [1] - The core CPI, excluding energy, also increased by 2.8%, while service prices, a key indicator of inflation sustainability, rose by 1.5% year-on-year [1] - The data serves as a leading indicator for national price trends, potentially boosting the Bank of Japan's confidence in its economic outlook and increasing speculation about a rate hike in December [1] Group 2 - The head of Japan's largest labor union, Tomoko Yoshino, urged the government to take more measures against inflation, as the weak yen may cause inflation to persist above nominal wage growth, with real wages declining for nine consecutive months [2] - Prime Minister Fumio Kishida announced a new economic stimulus package totaling 17.7 trillion yen (approximately 113 billion USD), focusing on utility subsidies and gasoline tax cuts to address rising living costs [2] - Estimates suggest that these measures could directly lower Japan's core CPI by 0.38 percentage points next year [2]