TOKYO — Data released Friday showed Japan’s core consumer inflation rising 3% year-on-year in October, staying above the Bank of Japan’s 2% target and fueling expectations for a potential near-term interest rate adjustment.
The increase in the core index, which excludes volatile fresh food but includes fuel costs, aligned with market forecasts, following a 2.9% rise in September.
Another closely watched measure, which excludes both volatile fresh food and fuel costs—considered a better gauge of underlying price trends by the central bank—rose 3.1% in October, up from 3% in September.
The figures suggest persistent inflationary pressures in Japan, reinforcing the possibility that the Bank of Japan may consider policy tweaks to maintain price stability.
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