Japan tops central bank inflation target, reinforcing bets on a rate hike
Japan's core CPI, which excludes fresh food, rose 2.1% year on year in September, in line with economists' forecasts, according to the Ministry of Internal Affairs and Communications. The gauge exceeded the Bank of Japan's target for the first time this year, reinforcing the case for a widely expected rate hike in December. The index excluding both fresh food and energy stood at 2.4%, and services prices rose 1.5%, the fastest pace since March.
In 40 seconds
- Japan's core CPI rose 2.1% year on year in September, in line with economists' expectations.
- The index excluding fresh food and energy, closely watched by the Bank of Japan, stood at 2.4%.
- More than 80% of economists surveyed by Bloomberg expect a rate hike in December, and none expect one next week.
IASummary generated by artificial intelligence from a story by Bloomberg Línea. It may contain errors: the original source prevails.




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