Jin10 Data, September 19 - Market analyst Haruya Ida stated that Japan's core CPI rose 2.7% year-on-year in August, which is a significant decline from July but still far above the Bank of Japan's 2% target. The overall CPI in August is also 2.7%, with the core CPI excluding fresh food and energy remaining at a high of 3.3%. The fluctuation in fresh food and energy prices has pushed up inflation, and the Bank of Japan should not be complacent about inflation yet. The latest inflation data is expected to have no impact on today's central bank decision, and interest rates are likely to remain unchanged. However, the central bank will remain vigilant and may raise rates in October/December. Today's focus is on the Bank of Japan's policy statement and the press conference by the Bank of Japan Governor Kazuo Ueda.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
