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Japan's Core Inflation Accelerates in October, Stays Above BOJ Target
Core inflation excluding fresh food rose to 3%, marking 43 months above target despite weak GDP and external tariff pressures, fueling debate on BOJ rate hikes.
- On Friday, Japan's core inflation excluding fresh food rose to 3% and core‑core inflation excluding energy climbed to 3.1%, both exceeding the BOJ's 2% target.
- The Bank of Japan last year exited a decade-long stimulus and raised short-term interest rates to 0.5% in January, while Japan's GDP contracted 0.4% sequentially and dipped 1.8% annualized amid external pressure from U.S. tariffs.
- Inside the BOJ, two dissenting board members proposed raising borrowing costs to 0.75%, while Kazuo Ueda, BOJ governor, told Sanae Takaichi he is `gradually raising interest rates to guide inflation smoothly towards its 2% target`.
- Officials said the data will be among factors the Bank of Japan scrutinises at its next policy meeting next month and kept alive market expectations of a near-term rate hike.
- Prime Minister Sanae Takaichi told parliament on Nov. 12 she hopes the BOJ `conducts policy appropriately` to reach 2% inflation via wage gains, while Governor Kazuo Ueda urged caution over U.S. tariffs.
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Japan's Inflation Picks Up as Takaichi Prepares Price Measures
(Bloomberg) — Japan’s inflation ticked higher in October, keeping the Bank of Japan on track for an interest rate hike in coming months as Prime Minister Sanae Takaichi prepares an economic package that aims to soothe public discontent over rising costs of living.
·Canada
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Japan's core inflation accelerates in October, stays above BOJ target
TOKYO :Japan's core consumer prices rose 3.0 per cent in October from a year earlier, data showed on Friday, staying above the central bank's 2 per cent target and keeping alive expectations of a near-term interest rate hike.The increase in the core consumer price index (CPI), which excludes volatile fresh fo
·Singapore
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Coverage Details
Total News Sources13
Leaning Left1Leaning Right1Center4Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 17%
C 67%
R 16%
Factuality
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