Japan: August inflation rises to 3.1% - Last hour

2023-09-22T00:25:29.908Z

Highlights: Inflation in Japan remains above the central bank's target of 2% for the 17th consecutive month. Consumer price index rose to 3.1% in August, beating estimates and after a similar rise in July. The rise is expected to lead to a gradual change in the bank's ultra-loose monetary policy, analysts say. The Bank of Japan's inflation target is 2%. The consumer price index excludes the most volatile components but includes energy costs. The BoJ's target for August is 1.9%.

Inflation in Japan remains above the central bank's (BoJ) target of 2% for the 17th consecutive month, a factor that economists say will lead to a gradual change in the bank's ultra-loose monetary policy. (ANSA)