Japan’s core consumer inflation rose 3.6 percent in October, the highest level in 40 years, driven by a weaker yen and rising import costs as the central bank kept its monetary easing policy in place.
The nationwide core consumer price index (CPI), which excludes volatile fresh food items, exceeded the Bank of Japan’s (BOJ’s) 2 percent target for a seventh consecutive month, Kyodo News reported.
This is Japan’s highest CPI increase since the 1982 Middle East crisis when the Iran–Iraq war disrupted the crude oil supply. But the BOJ views recent inflation as only temporary and that it will improve in the next fiscal year…. Source
Related posts:
Japan Pictures Likely Show Melted Fukushima Fuel for First Time
Bilderberg 2022 has finished and here is the list of everything that happened there despite the high...
Australian magistrate wins $180,000 death payout from young lover, despite money being left to famil...
Gates urges to abandon generosity, impede migrants from reaching Europe
U.K. Approves Pfizer Covid Vaccine for Babies Despite Study Showing 1 in 500 Hospitalised With Side-...
Survey: Inflation to Delay 25 Percent of Americans from Retirement