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Japan's Core CPI Increases by 3.0% in October, Raising Expectations for Interest Rate Hike

Rising food prices and a depreciating yen have pushed Japan's core Consumer Price Index (CPI) to a 3.
Key Metrics

11.3

Heat Index
  • Impact Level
    Medium
  • Scope Level
    National
  • Last Update
    2025-11-21
Key Impacts
Positive Impacts (3)
Japanese Banking Sector
10-Year Japanese Government Bond Yield
Automobile Exporters (e.g., Toyota, Honda, Nissan)
Negative Impacts (6)
Food & Beverage Producers (Japan)
Japanese Yen (USD/JPY)
Consumer Discretionary Retail (Japan)
USD/JPY Carry-Trade Strategies
Nikkei 225
Japanese Real Estate Investment Trusts (J-REITs)
Total impacts: 9 | Positive: 3 | Negative: 6
Event Overview

Rising food prices and a depreciating yen have pushed Japan's core Consumer Price Index (CPI) to a 3.0% year-on-year increase. This sustained inflationary pressure, above the Bank of Japan's 2% target, signals potential future interest rate adjustments to manage economic stability.

Collect Records
Japan's Core CPI Rises by 3.0% in October
2025-11-21 08:43

In October, Japan's core Consumer Price Index (CPI) rose by 3.0% year-on-year, driven primarily by increases in food prices. This rise has intensified expectations that the central bank may raise policy interest rates in the future to curb inflation. Since April 2022, this inflation indicator has remained at or above the Bank of Japan's 2% target. The depreciation of the yen has led to higher import costs, further contributing to the rise in prices. Japan relies heavily on imports for its food and energy needs.

Total records: 1
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