Tokyo Core Inflation Jumps to 10-Month High, BOJ Rate Hikes Expected

Tokyo's core consumer price index, excluding fresh food but including fuel, accelerated to 2.7% in September, up from 1.8% in August and exceeding forecasts. This marks the fastest year-on-year pace since November last year and surpasses the Bank of Japan's 2% target. Rising energy costs and broad price increases across goods and services are driving inflation, with economists now expecting a BOJ rate hike as early as December. This hawkish shift from a major central bank could contribute to a stronger global interest rate environment, potentially influencing international gold prices.

بحوالہ / Source: www.brecorder.com