Japan's core inflation hits 3-year high, bolstering case for BOJ rate hike

Key facts

• Japan's core consumer price index accelerated in September.
• The annual pace of core inflation reached a three-year high.
• The data precedes an upcoming Bank of Japan policy meeting.

Japan's core consumer price index accelerated in September, reaching its fastest annual pace in three years. The data comes ahead of a Bank of Japan policy meeting where interest rates are expected to remain unchanged. However, the inflation figures may signal a readiness for future rate hikes due to persistent inflation risks.