Japan Core Inflation Exceeds BOJ Target
Japans core consumer inflation exceeded the central banks two percent target in September for the first time in nine months. The data highlights broadening price pressures that support expectations for another interest rate hike by the Bank of Japan.
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Japan's core CPI exceeded the central bank's 2% target in September, rising 2.1% from a year earlier. The data highlights broadening price pressures that reinforce expectations for further monetary tightening. Policymakers face persistent upward momentum driven by elevated energy expenses and a weak USD/JPY.
