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Japan's core CPI in September rose 2.4% year-on-year in the 'Economy', slightly higher than expected. The market expects the central bank to stand pat this month.
Japan's central bank will hold a monetary policy meeting later this month, with market expectations that the key interest rate will remain unchanged. Before the meeting, Japan's Ministry of Internal Affairs and Communications Statistics Bureau announced today (the 18th) that Japan's national consumer price index (CPI) in September showed a year-on-year growth rate narrowing to 2.5%, in line with market expectations, compared to the previous value of 3%.
japan's core CPI growth rate slowed down in September, and the Bank of Japan is expected to stay put at the end of this month.
According to data released by the Ministry of Internal Affairs and Communications in japan on Friday, Japan's national core CPI excluding fresh food rose by 2.4% year-on-year in September, lower than the previous value of 2.8%.