[Tokyo Core Inflation Accelerates in August, Gradually Approaching Bank of Japan's Target] Jin10 News, August 28 – Data released on Friday showed that Tokyo's core CPI in Japan rose 1.8% year-on-year in August, gradually approaching the central bank's 2% target, indicating that price pressures stemming from the Middle East conflict are expanding. Previously, the Bank of Japan raised its key interest rate in June to a 31-year high of 1% and kept rates unchanged in July, while issuing its strongest statement yet on escalating inflation risks. Analysts pointed out that recent wholesale prices have surged significantly, reaching a year-on-year increase of 7.2% in July, highlighting the growing price pressures caused by the Middle East conflict. These pressures could potentially drive up consumer prices over time.