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Japan Core Inflation Exceeds BOJ Target, Cements Near-Term Rate Hike Chance

Broadening price pressures and a weak yen pushed Japan’s preferred core gauge to 2.4%, strengthening expectations for another Bank of Japan rate hike.

TOKYO, Oct 23 : Japan's annual core consumer inflation exceeded the central bank's 2 per cent target in September for the first time in nine months, data showed on Friday, a sign of broadening price pressure that cements the case for a near-term interest rate hike.The figures underscored how higher fuel costs

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Reuters broke the news in London, United Kingdom on Thursday, October 22, 2026.
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