Indicators
Japan’s Inflation Speeds Up Ahead of Expected BOJ Rate Hold
- BOJ’s key inflation gauge accelerates for a fourth month
- Central bank expected to keep rate unchanged later Friday
This article is for subscribers only.
Japan’s key inflation gauge accelerated in August for a fourth consecutive month, hours before the Bank of Japan is scheduled to wrap up its latest policy decision meeting.
Consumer prices excluding fresh food rose 2.8% from a year earlier, speeding up from 2.7% in July as processed food costs increased further, according to the Ministry of Internal Affairs Friday. The result matched the consensus estimate.