Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Business & Finance › Japan Inflation Rises Above BOJ Target Level, Backing Rate Hikes
Business & Finance

Japan Inflation Rises Above BOJ Target Level, Backing Rate Hikes

Bloomberg Markets Thursday 22 October 2026, 23:32 UTC By Toru Fujioka 1 min read
Key Points

Japan Inflation Rises Above BOJ Target Level, Backing Rate Hikes Japan’s key price gauge rose above the Bank of Japan’s target level for the first time this year, supporting the case for a widely expected BOJ interest rate hike in December. The consumer price index excluding fresh food rose 2.1% in September from a year earlier, according to the Ministry of Internal Affairs and Communications. The Friday reading was in line with the median estimate among economists of 2.1%.

Japan Inflation Rises Above BOJ Target Level, Backing Rate Hikes Japan’s key price gauge rose above the Bank of Japan’s target level for the first time this year, supporting the case for a widely expected BOJ interest rate hike in December. The consumer price index excluding fresh food rose 2.1% in September from a year earlier, according to the Ministry of Internal Affairs and Communications. The Friday reading was in line with the median estimate among economists of 2.1%.
Japan (LOCATION) BOJ Target Level, Backing Rate Hikes (ORG) the Bank of Japan’s (ORG) BOJ (ORG) the Ministry of Internal Affairs and Communications (ORG)
Originally published by Bloomberg Markets Read original →

Related Stories

SK Hynix shares slide after chipmaker scraps Solidigm IPO plans

Shares of South Korean chipmaker SK Hynix's were down as much as 3% in Seoul on Friday morning after the company halted a review of a potential U.S. initial public offering for its subsidiary Solidigm. "Solidigm will halt its review of potential pre-IPO and IPO options," the company said in the statement after assessing recent capital market conditions and share price trends, while also exploring various funding options to finance a new U.S. semiconductor fabrication plant amid growing...

CNBC 15m ago

SpaceX records $561 million investment gain from stake in Elon Musk's Boring Co.

SpaceX said on Thursday that its stake in Elon Musk's The Boring Co. netted the company an investment gain of $561 million during the third quarter. The gain accounted for more than half of SpaceX's "other income" in the period and boosted its net income, which landed at just over $4 billion, the company said in its quarterly financial filing with the Securities and Exchange Commission. Created inside SpaceX in 2017 and spun out a year later, Boring Co. says its mission is to "revolutionize...

CNBC 23m ago

Japanese Bond Yields Fall as AI Jitters Spur Haven Demand

Bonds Japanese Bond Yields Fall as AI Jitters Spur Haven Demand Japanese government bond yields fell across the curve on Friday as an AI-driven selloff in equities boosted demand for haven assets, with a rally in US Treasuries spilling over into the Japanese market. The nation’s benchmark 10-year yield fell as much as 9 basis points to 2.79%, while the 20-year yield fell 5.5 basis points.

Bloomberg Markets 26m ago

World Series champion Mitch Garver retires from baseball at 35

World Series champion Mitch Garver has announced his retirement from baseball at age 35.Garver played for the Minnesota Twins, Texas Rangers and Seattle Mariners during his 10-season major league career. He confirmed his retirement to MLB.com in a text message. The Albuquerque native spent the first five seasons of his career with the Twins.

Fox News 27m ago