Japan’s inflation hit a 40-year high.


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%.

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