Japan's core inflation rate decreased to 2.4% YoY in September, primarily due to reduced energy prices.
Japan's core inflation rate decreased to 2.4% year-over-year in September, down from 2.8% in August, primarily due to reduced electricity and gas prices from government subsidies. This rate remains above the Bank of Japan's 2% target, which has been exceeded since April 2022. Analysts predict further rate hikes from the BOJ before year-end, as inflation is expected to stabilize around the target despite global economic uncertainties.
October 18, 2024
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