Core inflation in Japan's capital accelerates, stays above BOJ target

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TOKYO: Core consumer inflation in Japan's capital stayed above the central bank's target and accelerated in March on steady gains in food costs, data showed on Friday, keeping alive market expectations of a near-term interest rate hike.

The cost of Japan's staple rice surged 92.4% in March, the largest increase since 1976, a sign of the pain households were feeling from rising living costs.

Governor Kazuo Ueda has said the BOJ will keep pushing up borrowing costs if continued wage gains underpin consumption and allow firms to raise prices, thereby maintaining inflation stably around its 2% target.

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Category: EconomyBusiness

Markets: MalaysiaJapan

Topics: Yen Inflation /Business/Business News Tariffs Interest rate Economy Bank of Japan Currency

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News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-28 @ 10:23:00 (4 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

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News ID: 27378707

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