Key facts
- Core inflation forecast at 2.1% for September.
- Wholesale inflation rose 6.8% in September.
Japan core inflation likely exceeded BOJ target for first time since December
IN SHORT
Japan's core consumer inflation likely rose 2.1% in September, exceeding the Bank of Japan's 2% target for the first time since December, a Reuters poll showed. Higher energy prices fueled by the Middle East conflict are feeding through to households.
Key Numbers
2.1%Japan core inflation forecast for September
2%Bank of Japan's inflation target
1.7%Japan core inflation in August
6.8%Japan wholesale inflation year-on-year in September
Who's Involved
Kazuo Ueda
Bank of Japan Governor who reiterated inflation overshoot risks
Shinichi Uchida
Deputy Governor who read Ueda's speech
Bank of Japan
central bank signaling focus on inflation target
↳ Why This Matters
The potential overshoot of the Bank of Japan's inflation target and Governor Ueda's comments signal a possible shift towards tighter monetary policy, which could impact the yen and global financial markets.