An uptick in inflation in the Tokyo metropolitan area and solid outturns in other key Japanese economic data support the Bank of Japan’s plan to pursue more interest-rate increases.

The fading shadow of reflationists in the Bank of Japan, and the latest addition to the board of an academic favouring an end to ultra-low interest rates, will likely bring the central bank's thinking closer to global peers taking a more conventional approach on monetary policy.

Core inflation in Japan's capital hit 2.5%, marking the fastest annual pace in nearly a year, well exceeding the central bank's 2% target and keeping alive market expectations for further interest rate hikes.

The Bank of Japan raised interest rates on Friday to their highest since the 2008 global financial crisis, underscoring its confidence that rising wages will keep inflation stable around its 2% target.

As time goes on, the BOJ’s rate increases appear to be having a stronger impact on people’s everyday lives, shifting from more abstract concepts to more concrete effects.

Consumer prices excluding fresh food in the capital climbed 2.5% in January from a year earlier, the fastest pace since last February, the internal affairs ministry said Friday. Overall price gains also sped up to 3.4%, the fastest clip in nearly two years, as the cost of fresh food jumped.

Japan's central bank has raised its key interest rate to about 0.5% from 0.25%, noting that inflation is holding at a desirable target level TOKYO -- The Bank of Japan raised its key interest rate ...

TOKYO (Reuters) - Core consumer prices in Japan's capital rose 2.5% in January from a year earlier, data showed on Friday, keeping alive market expectations for further interest rate hikes.

TOKYO (Reuters) - The Japanese government on Tuesday nominated Waseda University political science and economics professor Junko Koeda to join the Bank of Japan's nine-member board. Koeda would replace former economist Seiji Adachi, whose five-year term ends on March 25.

The Bank of Japan on Friday raised its policy interest rate to 0.5 percent from 0.25 percent, its highest level in about 17 years, am

The Statistics Bureau of Japan reported this Friday that the headline Tokyo Consumer Price Index (CPI) accelerated from 3.0% to 3.4% YoY in January – the highest level since April 2023.

TOKYO: Core inflation in Japan's capital hit 2.5% to mark the fastest annual pace in nearly a year, data showed on Friday, well exceeding the central bank's 2% target and keeping alive market expectations for further interest rate hikes.