Tokyo’s core InflationInflation refers to a sustained rise in the general price level that reduces the purchasing power of money. The term belongs in Level 7 because it helps connect macro conditions...Read More rose to 2.7% in September, strengthening expectations that the Bank of Japan may consider another interest-rate hike. The increase highlights continued price pressures in Japan and keeps Monetary PolicyMonetary Policy refers to the set of central-bank actions used to influence money, credit, interest rates, and financial conditions. The term belongs in Level 7 because it helps...Read More in focus.
Tokyo core consumer inflation accelerated to 2.7% year-on-year in September from 1.8% in August, exceeding the 2.4% MarketDefinition A market is an environment where buyers and sellers come together to exchange assets, goods, services, or financial instruments. Prices form as buyers and selle...Read More forecast and reaching its fastest pace in 10 months. Reuters reported that the stronger reading reinforced the case for further Bank of Japan tightening after last month's rate increase. A measure excluding both fresh food and fuel rose to 3.0%, while services inflation increased to 2.3%. The data give policymakers a fresh indication that underlying price pressure remains above the BOJ's 2% target.
