Nov Tokyo core CPI rises 2.2 yryr vs f39;cast 2.1
Index excluding fresh food, fuel rises 1.9 yryr
Services inflation accelerates slightly on tight job market
Oct factory output rises but seen falling in coming months

TOKYO, Nov 29 Reuters Core consumer inflation in Japan39;s capital accelerated in November and stayed above the central bank39;s 2 target, data showed on Friday, as price pressures broadened, keeping alive market expectations for a nearterm interest rate hike.

The yen jumped after the data, as market players stepped up bets the Bank of Japan BOJ would raise shortterm interest rates from the current 0.25 at its next policy meeting in December.

The Tokyo core consumer price index CPI, which excludes volatile fresh food costs, rose 2.2 in November from a year earlier, exceeding a median market forecast for a 2.1 gain and accelerating from a 1.8 increase in October.

Another index that strips away both fresh food and fuel costs, which is closely watched by the BOJ as a better gauge of demanddriven inflation, rose 1.9 in November from a year earlier after a 1.8 increase in October.

Prices are rising not just for food but services, which is positive news for the BOJ in normalising policy, said Masato Koike, senior economist at Sompo Institute Plus.

The dollar briefly fell 0.9 to 150.17 yen after the data, bringing its weekly loss to 3. Traders now see a 60 chance the BOJ could hike rates again in December, having been undecided before the data.

TRUMP…