Shafaqna English– Tokyo core inflation rose at its fastest pace in ten months in September. This sharp increase shows that price pressures are building across Japan’s economy. It also strengthens the case for the Bank of Japan rate hike again.
Tokyo inflation data often signals where national prices are heading. Because of this, it plays a key role in the Bank of Japan decisions. The central bank will review this data at its next BOJ policy meeting on October 29–30, when it updates its quarterly inflation forecasts.
Source: Reuters