Japan August Inflation: CPI excluding fresh food & energy +4.3% y/y (prior +4.3%)Core inflation, in at 3.1% vs. 3.0% expected and core-core (which strips away the effect of both volatile fresh food and fuel prices and is the closest to the US measure of core inflation) in at 4.3% vs. 4.3% expected) are both solidly well above the Bank of Japan 2% target.
- core inflation was above the BOJ's 2% target
for the 17th straight month
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The big event out of Japan today is the Bank of Japan statement.
This article was written by Eamonn Sheridan at www.forexlive.com.
Source: Japan August Inflation: CPI excluding fresh food & energy +4.3% y/y (prior +4.3%) (https://www.forexlive.com/news/japan-august-inflation-cpi-excluding-fresh-food-energy-43-yy-prior-43-20230921/)
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