Japan's core inflation rose to 2.1% in September, its highest this year and above analysts' expectations, up from 1.7% in August. Higher import costs from a weak yen and indirect effects of energy prices were cited as drivers, even as rice prices fell 20.6% year on year. Core-core inflation, which excludes fresh food and energy, was 2.4%, and services inflation rose from 1.2% to 1.5%. Capital Economics forecasts another Bank of Japan rate hike in December, after the 25 basis point increase in September took rates to a three-decade high of 1.25%. Finance Minister Satsuki Katayama said Japan was on the cusp of sustained inflation driven by rising wages and saw no gap between the government and BOJ views on the tax cut plan.
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inflationJapaninterest ratesUSDJPYcentral bank
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Related tickers and likely impact
USD/JPY
▼ Likely negativeRelevance: medium
| Market | Currencies |
|---|---|
| Close on 10/22/2026 | 156.768 |
| Change that session | -0.87% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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