Japan’s inflation hit a 40-year high.

Share

Japan’s consumer price index (CPI) rose 3.6% from a year earlier, surpassing the 3.5% increase expected by economists and the 3% gain in September. It is also higher than the Bank of Japan’s (BOJ) 2.5% target for the seventh consecutive month.

The Bank of Japan remains determined to maintain its low interest rate policy. Currently, BOJ keeps long-term interest rates around 0% and short-term interest rates at minus 0.1%.

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *