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2025-12-19 09:08:26
[Latest Japanese Inflation Data Shows Core Prices Remain High] 1. Data released by Japan's Ministry of Home Affairs on Friday showed that the national core consumer price index (CPI) rose 3.0% year-on-year in November, marking the 44th consecutive month above the Bank of Japan's 2% policy target. This figure met market expectations and remained unchanged from the previous month's growth rate. 2. Another indicator, excluding the impact of fresh food and energy prices and more accurately reflecting underlying price trends, rose 3.0% year-on-year in November, slightly lower than the 3.1% increase in the previous month. 3. Analysts point out that the persistent and widespread high inflation data, especially the price increases that have clearly spread from energy and food to a wider range of sectors, further strengthens market expectations that the Bank of Japan will decide to raise interest rates at its monetary policy meeting on Friday. The market generally predicts that the central bank may raise the policy rate from the current 0.5% to 0.75%. 4. The Bank of Japan ended its years-long ultra-loose monetary policy last year and raised interest rates for the first time in January this year. Faced with persistently high inflation levels, an increasing number of policy committee members have expressed support for further policy adjustments to avoid lagging behind in addressing risks to price stability.
